Elite Pharmaceuticals Inc (ELTP)

[ospreyeye]

Less than 10% Short yesterday: 20110207|ELTP|132800|1393690|O

HHHMMMM.....seems the short vol. on Fri. was a one day event.....also, looking at the vol. yesterday & today it doesn't look like alot of insiders are selling either....I'm pleased w/ the tight action yesterday.....we didn't have the long tail, which is a change in trend....it makes sense, because the long tail is the result of shorts driving it down.....it looks to me like people are going long heading into next weeks earnings....w/ all the recent good news, it's a wise decision$$$