Elite Pharmaceuticals Inc (ELTP)

[Hike]

.16 of a $40,000,000 market AND they only get a piece of that.
Lets say the get a third of that...
.16 * .33 * 40,000,000 IN SALES = 2,000,000. Now what's the profit margin? 50% ?? so in the end this might be $1,000,000 in their pocket sometime next year.

Sooo, no. It isn't going to take off. They are layering one nice little income stream at a time. They will have multiple, diversified streams from which they can fund their OWN R&D efforts for bigger drugs. This is a very long term play. Sure you can buy the dips and sell on the news. Eventually it gets enough traction to throw off the MM's and Shorts but today is probably not quite the day.

I'm a long time lurker. Hold just 50,000 shares and just waiting patiently.