Elite Pharmaceuticals Inc (ELTP): I for one am excited about the volume to...

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Elite Pharmaceuticals Inc (ELTP)

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Monday, 01/07/2013 5:56:57 PM

Monday, January 07, 2013 5:56:57 PM

I for one am excited about the volume today. My main concern with this stock all along has been liquidity. I hold a reasonably large position and watch many trading days go by where fewer shares change hands than I own. The fact that we traded 11 Million shares today without a significant drop to the downside is a good thing in my opinion.
The close was painted down to .071 but could just have easily been painted up to .0769 which would have left us essentially unchanged for the day. Liquidity attracts investors and traders alike, so I for one am happy that we had such high volume today.
Tomorrow will be interesting to see if we have a high volume day again and if we go up or down.

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