Elite Pharmaceuticals Inc (ELTP)

[mrwrn2010]

Regarding ELTP, I have a few quotes I'd share with the longs from a book I just started reading:

"The more right you are about any one stock, the more wrong you can be on all the others and still triumph as an investor."

"What the stock price does today, tomorrow, or next week is only a distraction."

"The true contrarian is not the investor that takes the opposite side of a popular hot issue (i.e. shorting a stock that everyone else is buying). The true contrarian waits for things to cool down and buys stocks that nobody cares about, and especially those that make Wall Street yawn."


-Peter Lynch, author of "One Up On Wall Street"

Most Famous For:
Peter Lynch managed the Fidelity Magellan Fund from 1977 to 1990, during which time the fund's assets grew from $20 million to $14 billion. More importantly, Lynch reportedly beat the S&P 500 Index benchmark in 11 of those 13 years, achieving an annual average return of 29%.

Personal Profile:
Lynch graduated from Boston College in 1965 with a degree in finance. He served two years in the military before attending and graduating from the Wharton School at the University of Pennsylvania with a Master of Business Administration in 1968.

He went to work for Fidelity Investments as an investment analyst, eventually becoming the firm's director of research, a position he held from 1974 to 1977. Lynch was named manager of the little known Magellan Fund in 1977 and achieved historic portfolio results in the ensuing years until his retirement in 1990.

http://www.investopedia.com/university/greatest/peterlynch.asp#axzz276GWbsCB