Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

The run up to 0.97 in 2014 was all about only 1 thing, SequestOx. Elite is no longer a one horse wonder.
- We have growing revenues and profits that will continue to break records quarter after quarter. Next record breaking announcement will be in 3 weeks.
- We have a billion dollars in opioid products that will be launched in the next 3 months.
- We have a product with multiple billion dollar market value under review now and expected to be approved in the next few weeks.
- We have studies ongoing for at least 2 billion plus dollar products that could get successful BE approvals in the next 2 and a half months.

These are definitely different times for Elite.

Our run straight up wasn't natural. We all knew it, but enjoyed the ride anyway. Now we are backfilling the prices that were skipped. The company is not diluting every share bought is coming from someone that sold, not created out of thin air. All these purchases in the mid-to upper 40s are going to be sticking around as I do not see us collapsing and in the upper 30 to low 40 cent range. We traded millions of shares in that range from mid-Sept through mid-Oct (meaning only a week ago!).