Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

Fundamentals eventually trump technicals. You need strong fundamentals if you are investing for the long-term. However, technicals tell you what is going on day-to-day and are necessary for day- and swing-traders who couldn't give a hoot about fundamentals, only that certain patterns, based on human psychology, indicate when it's time to buy or sell.

FYI, I bought ELTP for its fundamentals, but my charts (technicals) told me to sell it at $0.171 and I actually had an order in to sell a portion of my position at that price, but then greed (psychology) made me cancel the order (see, slow learner! Darn!). The rest, as they say, is history.

The funny thing is, I have fairly accurately predicted ELTP's price movements the last few days, but have failed to act on them. That's the reason I am not living on a private island like Richard Branson .