Elite Pharmaceuticals Inc (ELTP)

[lasers]

cheeben, elichen, thorfinn

As I have posted many times my strategy is to "Buy, Accumulate, and Hold" ALL of my Elite shares. I have NEVER flipped a single share of ELTP. Nor do I ever intend to.

I will continue to buy additional ELTP shares on every PPS pull-back which IMO are caused by the MMs/Trellus Naked/Covered Shortings. It is very obvious from the T&S trading records that these Shortings have been prevalant in the past and especially since the ELI-216 Patent publication on Tues May 22. By doing so the MMs/Trellus hope to entice flippers. The MMs/Trellus purpose is the destruction of Elite. That is why the PPS went from $ to pennies leading to the 2009 hostile take over strategy of Trellus. Thank goodness for Jerry's Treppel's savvy leadership and his alliance with Epic to thwart Trellus.

The MMs/Trellus traders will continue to inflict as much pain as they can. However each day more shares are removed from circulation by the Longs as the PPS continues to move up. Yes it is "2 steps up and 1 step back" but it is up 43% YTD from $0.09 to $0.129.

Each day Elite's cash flow is increasing through (1)increasing market sales of their launched drugs and (2)increasing lab revenues from their contracted consulting R&D. The 2 additional hirings, 10% increased to +20 employees, tells exactly the increasing cash flow facts. Each day brings Elite closer to additional ANDA drug launches and in 2013, with FDA approval, the ELI-216 NDA launch.

I hope Longs will continue to join in the "Buy, Accumulate, and Hold" strategy for continuing PPS increases.

GLTA Longs.