Elite Pharmaceuticals Inc (ELTP)

[heidibrown]

I would have to agree with you StockSwami. To day-trade successfully, takes a lot of experience and even more control. Emotion has to be put aside. And emotion is EXACTLY what charting displays. Supply and demand, fear and greed, bulls and bears. There are technicals that don't SEEM to be based on emotion, but if you think deeper they all are.

A penny stock that is under control is pretty much only successfully "day-traded" by those in control. ELTP is WAY too illiquid..unliquid... to trade in and out of easily. Most of the buys appear higher, most of the sells lower. To us not in the know, nobody is making money wash trading the stock. If one controls what the sell and uys LOOK like, a few tenths of a penny traded over and over can make money. Not a TON given the volume we see in this stock.

Serious day-traders AREN'T trading Elite. One can make more doing calls and puts on aapl in one day than you can do here in a month, easily.

IMO, buy and hold this stock. if you want to trade, you will do better most anywhere. peace