Elite Pharmaceuticals Inc (ELTP): Great post osprey. It's true, when a st...

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Elite Pharmaceuticals Inc (ELTP)

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Re: ospreyeye post# 2071

Tuesday, 02/01/2011 2:14:19 PM

Tuesday, February 01, 2011 2:14:19 PM

Great post osprey. It's true, when a stock is boxed in by a short position, it becomes a waiting game. Shorts are betting there will be fatigue and attrition. And there always is. We are running up to a binary event that will have an effect on the PPS in short order. If earnings are as decent as many believe, there will be volume that will in effect cause shorts to start covering as we move up.

I've taken a sizable position in ELTP based on the DD I've personally done. I'm very, very patient and will wait this out. I'm a lurker who reads the board daily, but I have no need to chime in as I know this situation will work itself out. Thanks to you and the few others who put forward readable information!

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