Elite Pharmaceuticals Inc (ELTP)

[carbonfiltered]

The only explanation that I can offer is that the marketmakers think this is going to fly if we get good news from the FDA later this month. There's a lot of good news potential in the very near future but there's also a lot of negative speculation. From their point of view they can play the price down keeping people afraid and snatch up as many cheap shares as they can, they don't care about the stock price they care about percentage gains.. but they can't stop people from buying this when new good news is released... if we get positive feedback from the FDA and a positive pr regarding future andas this does have the potential to go back up to $.97 or even higher like it did before