Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

INACCURATE...

Buy Elite to generate annual tax losses to offset gains

How many times must the story need to be told before that facts stand corrected?

I posted this last year and made the addendum to the end to update the refutation of the nonsense...

Once again, if we can agree that “tax loss” season is from November 1 – December 31, we can look at the p/s movement in that time since 2011 and what do we find?

2011: Nov 1-Dec 31, the share price moved UP 20%...NO TAX LOSS SELLING
2012: Nov 1-Dec 31, the share price moved UP 12%...NO TAX LOSS SELLING
2013: Nov 1-Dec 31, the share price moved UP 33%...NO TAX LOSS SELLING
2014: (the year of the 97 cent pinnacle and 22 nadir) Nov 1-Dec 31, the share price moved UP 23% Twenty-three percent in a year when the swing was huge. Go figure!
2015: Nov 1-Dec 31, the share price moved DOWN 8% Which marks the ONLY decrease and it was single digits
2016: (the infamous CRL and what do we find?) Nov 1-Dec 31, the share price move was FLAT…zero. NO TAX LOSS SELLING
2017: A modest increase of 12% in the p/s…NO TAX LOSS SELLING
2018: So far, this month offers nothing but the same…NO TAX LOSS SELLING.

I THINK WE CAN SAY WITHOUT RESERVATION THAT ELITE CONSISTENTLY SHOWS NO TAX LOSS SELLING...PERIOD!!!!