Elite Pharmaceuticals Inc (ELTP)

[MightyMac]

Smart Insiders Sell & Buy same time. Buying 20,000 shares while selling 1,000 shares creates confusion to keep price per share down while insiders can continue buying more shares without pushing up the price for their next purchase. To the uninitiated there was one buy order (20,000) and one sell order (1,000) so buy and sell orders offset equally. Thus people who follow insider buying see nothing unusual and the price languishes. Then insiders repeat the orders again and again. They thus keep the price low while buying 600,000 shares and only selling 30,000 shares. If all they did was buy the 600,000 their followers would try to accumulate more too and the price would go up while they accumulate the amount they want. Thus Elite has more upward room to go.