Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

I have had a large position in ELTP for over a year and have followed this board almost from the day of my first buy. However, I am a posting virgin and after what I saw happen to a newbie last week, I was almost afraid to post for the first time

Because it appears we are (finally) on the verge of some sustained good news, I thought that it might be fun to dream about some BIG possibilities. Here is a weekly chart of ELTP price action for this millennium:



As you can see, the price was around $20.00/share at the start of the millennium and was over $10.00 several times. It was above $5.00/share for several years then dropped below $5.00 in mid-2002. It stayed in the $2.00-$5.00 range from mid-2002 until after the first quarter of 2008.

I do not know the history of those earlier years or what caused the price to drop so dramatically and stay so low for these last four years. However, this chart does show that the company has spent more time above $1.00/share the last 12 years than below it. Here's hoping for a quick return to those happier times.

Good luck to my fellow soon-to-be-ELTP-millionaires.

Hank