Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

I bought more last week under 0.14 and thought about selling on yesterday's predictable second morning spike. I share your same concern that the news was overhyped. Nasrat provided hype pre-FDA minute release. My interpretation of this is that it is to push against last minute tax loss selling pressure and/or additional dilution for needed studies. Great to hear meeting wasn't positive, but not holding my breath until we have more details about cost & duration required for resubmission. For all we know we might be 2 years away. It is a significant unknown and failure to realize this is a critical error. In the end, I held the shares until we know more in a month's time. No reason to break out the bubbly quite yet, but we may be getting close.