Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Indeed, Elite was down marginally. But when the market tanked last week Elite continued to trade within its narrow band; as it has since July 2017; as it will until they garner an approval.

However, when looking at a company and there is no news what more can one look for to provide some understanding of the environment in which it competes? Well, it would be the competition. And, what might that tell us? How investors look at small companies seeking to impact the opioid abuse crisis by developing ADFs. And, what can we say about that?

Well, Collegium was up today...as was Pfizer, barely. But, IPCI was down. Acura was down. Egalet was down. Endo was down. All by more than the .003 cent that saw Elite down. It is as I have said...CONTEXT MATTERS!