Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Yet, you continue to stay invested. So i assume that means you still have hope. If you have hope, i find that encouraging

Yes, with caveats. It is true that I continue to stay invested in ELTP, but the philosophy is different. I used to believe that this stock would eventually do well based on fundamentals. When all the cards were finally in play, the earnings would go up and the share price would go with it. I still believe that, but I no longer have any faith in the hand we are playing. The Adderalls alone are not going to move this stock with a billion shares outstanding, and there is nothing in the pipeline that will provide any additional revenue for at least several years, maybe longer.

I continue to hold ELTP because we have not yet reached my exit ramp. This stock has a history of making moves for non-fundamental reasons. It will again, multiple times, and I will use those opportunities to make a graceful exit. Not sure what those triggers will be. Outside investor? development plan? abuse-deterrent ADHD? reverse split? rumor and innuendo? The 2014 run had no trigger at all. Who knows what the impetus will be for the next move, but it does not seem like it will be earnings.

I invest on fundamentals, and Nasrat has sold off or cancelled the fundamentals of ELTP. I'll wait for next gimmick, but this time I'll recognize it and act on it.