Elite Pharmaceuticals Inc (ELTP)

[StockSwami]

The only thing that matters is what price you buy at and what price you sell at......until the day you sell it's just all part of the journey. Personally I feel pretty good about what is going on here with the price action. I think most people who have been investing for a number of years expected a pullback from the highs in the .30s. I know some sold and then bought back in the .20s, personally I continue to hold all of my shares for a couple of reasons. I don't want to pay higher taxes by trading and second and foremost some may be trading and adding a few shares here and there but one day there is going to be a news release pop up after many have sold and they are going to close down trading and open it back up much higher. Many traders are going to get caught without shares. I know that is the game when trading because I do it a majority of the time but I just believe this is going to provide me and my family with the means to live a very nice life style for the rest of our lives and I am in no way going to take a chance of missing that opportunity. Everyone has to do what they feel comfortable doing but as far as this pulling back this percentage or that percentage, unfortunately this is still the OTC market and the MMs will do with the stock price what will benefit them the most. As someone else pointed out, it took a lot of selling to drive the price down and only a very small portion of that volume to get it back up where it started. That tells me that if it takes nine million shares sold and then only one million shares bought to end up at the same price. Some people who sold eight million shares are going to have to pay higher prices if they want back in....I will not be one of those people...GLTA longs, it's going to be a great year here in ELTP land.