Elite Pharmaceuticals Inc (ELTP)

[imanjen13]

LCI has fallen on hard times but it is still a viable venerable company.

Only 43M share outstanding and institutions own around 26M leaving only 17 million for the public.

The current price, at multiyear lows of .90 on large volume indicates that institutions are are selling and are being replaced by other institutions.

Expect the stock to move once the transfer of ownership is concluded. Meanwhile its nice to know that LCI has a vested interest in selling as much CNS drugs that it can. Unfortunately, in an inflationary environment, generic drug prices continue to fall.....until they don't.

Both LCI and ELTP are strong buys at the current levels. We should see much higher prices in the Spring.

Resistance at .045 at this time. Should move past before the Conference Call.