Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

I haven't seen anything close to dumping today. We opened above Friday's close and have stayed above it. Looks like very healthy consolidation after a whip lash run up without news, or best case on news that was weeks old (mid-Aug CC). Our price range has varied today by 3 cents so far today...not bad for a stock that traded within a 30 cent range a week ago. If we hold in the 50cent area for the next couple of weeks I will be happy as it will mean we did get/create some new longs. Anyone who read the last CC knows there is future price increase coming in the next few months. The folks that took us for a major run from mid 40s to mid 70s have left us in better shape if we can establish a new base in the mid-50s. They are also responsible for us getting new long eyes on the stock. Revenues will be better than ever again so short-term investors will start nibbling next week or so and push us higher.

We are still getting messed with though. I don't recall seeing any 1 to 4 share trades before early Oct now they are the norm. No normal investor does that.