Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

I don't like to make predictions that might cause someone to buy or sell because if I was that good at it I'd be on my private island . And if our favorite hedge fund decides to take a hiatus for a couple of days while the stock price stabilizes, then dump a few mere million shares again next week, all bets are off.

However, that being said, I do think if the price closes above $0.12 for three consecutive days that we will start a longer period of consolidation, from which the uptrend will then continue as more positive announcements occur. And because of the fundamentals, I do believe the announcements will occur. If I didn't believe that, I wouldn't have the largest position (based on number of shares) of any stock I've ever owned. Most of my posts here are just "thinking out loud" based on patterns I see, but I am definitely holding for the long-term.

However, I see nothing wrong with trading a portion of your holdings as the profit will allow you to increase your overall number of shares. The only reason I say a portion is because with my timing is often/usually bad. If I sold my whole position for a temporary profit, that's the day ELTP would announce a takeover and I'd miss the really big reward. In other words, trade on anything I say at your own risk. You are responsible for your actions, not me. I have enough trouble with my own actions .