Elite Pharmaceuticals Inc (ELTP)

[imanjen13]

The MMs on Level 2 are revealing only small sizes on either the buy or sell side. Any large purchases or sales above 300,000 shares should cause violent price swings here in either direction.

Any number above 10M in revenue is apt to bring in big buyers who value an undervalued stock which apparently will be headed much higher. Stocks that show increased revenue streams and smart R&D tend to rise in value.

It appears the MMs are currently trying to suppress the price. It is not unlikely that a big buyer is waiting in the wings and may even step up today before the close.

I hope that Nasrat will again be prepared on the conference call to expand on the business plan.