Elite Pharmaceuticals Inc (ELTP)

[imanjen13]

When a stock sharply sells off without any news, investors have an opportunity to increase their position if the reason is not related to the a person or people who are aware of some forthcoming bad news that has not yet been released.

While I was under the impression that NH had converted all his shares, the Trendsetter pointed out that there is still an additional 39 M shares yet to be converted. My Speculation ( emphasis added), is that the sudden volume surge and stock price reversal may be related to a conversion needed before a buyout which may be a lot sooner then the up to two year time frame indicated on the last call. News on Monday would not surprise. Unless the government has decided to ban adderall sales, I cannot see a reason for the selloff. Maybe its is as simple as the seller was short Navidia and needs to raise cash to cover his loss. GLTA. I'm still a firm hold.