Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Total bull.

I disagree. This stock is both predictable and with no buyers, is very weak. No updates from management continues the downward spiral. This sets up a situation for less risk for OTC penny stock short sellers.

If one can get an 80% chance of a 3-4% gain on a quick short selling trade, the margin requirements and rates are nothing.

This isn’t just an exchange of hands between MM’s dragging this down. This also isn’t a P&D, which crashes after the initial run up. This is retail turnover from selling + shorting + LPC dilution.

The longer you go without an update, the MORE likely it is there will be an update. If there is even a half decent update, it could move this stock up 50%, 100%, 200% easily. If you get caught short on that day, trying to get a 4% profit, you just got wiped out of this investment and everything else you have in that brokerage, which is why they require such high margins to short a penny stock. Then they'll sue you for everything else you have, too. This is not to mention how difficult it would be get a 4% profit on a stock like this that trades flat for weeks, especially with the huge DAILY risk fees (even Sat and Sun) and the cost of lost opportunities for the money on margin. I will say it again, only a complete dumbass would short this stock. If it is so easy, then do it. Post it here. Prove me wrong.