Elite Pharmaceuticals Inc (ELTP)

[soccadoc]

I love the volume. I actually think this is a big buyer trying to get in this week, more than a motivated seller. With the knowledge of the upcoming catalysts, the properly networked buyer can be building a 1M share+ base before news hits. I have no information to support this, so take it for what it is worth, but I believe this is someone from HK purchasing shares. Look at the MM they are using, TEJS. This is primarily a commodities trading MM who works with international clients. Again, I have no evidence to back this up, but it wouldn't surprise me in the least. Overseas investors are typically not as fearful of the SEC as they should be, because they perceive their reach as limited.