Elite Pharmaceuticals Inc (ELTP)

[soccadoc]

The psychological cycle has just about hit capitulation, especially for those who have been holding large long positions for a long time. I think we will continue to see action like today's for the next two weeks until we get a phentermine launch. It will probably trade in the 6 to 8 range, but we could see one more high volume bear raid or mental capitulation before this pps goes up.

The company fundamentals are still sound so the pps has every reason to go up. The psychological cycle is primed and ready to run here in the coming weeks to months.

Kudos to whoever made the great trade in the final 10 minutes. 200k shares bot at .0641 and sold a few minutes later for .0725. They made over $1,600 or 13% during the rush to close. Well done. Wasn't me, but there are some fantastic trading opportunities with all this high volume.