Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

When you sell, never look back and check the price....never. It sounds like you have only had a penny stock mistake where the 'mistake' was that you looked back and realized you should have sold at some time 'x' and didn't. The other side of that coin, selling and realizing you could of made tons of money if you had only held a little longer will eat you alive too if your prone to 'should of, would have, could have' thinking.

To prevent that you must not ever revisit the price after you sell the last of your shares. If you do keep revisiting it and see that a year after you sell the price is well over a dollar you will start running the math just like you are now. How would the stocks value get over a dollar? The fastest way is that Nasrat is pulling in more profit than he knows what to do with so he starts buying up shares. I expect that to happen if we don't sell the company first.

A compromise to this situation is to sell 75% of your investment but keep some. Having a million shares could be meaningful if the price quickly triples or more from 0.15.

I still feel embarrassment for the idiot who called into a CC and actually whined to Nasrat publicly that he had sold at 0.14 cents only to see the stock shoot up to the 90s. I mean that moron decided that him doing that was Nasrat's problem or fault. That was the call I started wishing that Nasrat to stop taking questions from investors because they were too painful to listen to.