Elite Pharmaceuticals Inc (ELTP): Watched the trading a bit today. Same as...

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Re: Dr Speculator Ninja post# 409975

Wednesday, 10/02/2024 5:41:33 PM

Wednesday, October 02, 2024 5:41:33 PM

Watched the trading a bit today. Same as it has been . Held in a channel obviously on purpose. Question has always been why but if you read some of the posts from yesterday, the answers are multiple

1) there is a short position that needs to be filled. And this is a coiled spring. We have seen it before. They showed up here yesterday too.

2) any acquiring company will buy shares first and you cannot just come in and buy 50m or more shares. So channel hold, exhaust supply, rinse repeat.

3) someone said eff it, I'm just getting my shares today.

4) news leak... possible but there's so much in terms of catalysts, it could be anything and if a news pr does get released that doesnt make it the reason.

Company gonna company. All I care about.

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