Elite Pharmaceuticals Inc (ELTP)

[StockSwami]

The price went down from the low .30s to .25 on a small amount of selling. The MMs were content to let the price sit in the .25 to .26 range as long as there was very little buying. Once the selling stopped and a little buying came back in they are now raising the price on very little buying. I'm sure they will do the two step time and again as the price moves back up and they try to scare up as many sellers as they can but guaranteed they will not allow any big amounts of stock to be bought in the .20s. That is the reason it is so hard to flip this stock right now. You may get out for a nice profit but reestablishing your position is not going to be easy. A few have done it and I'm sure they will beat their chest and proclaim how wrong I am but all it takes is a look at the trading to see it will not take a lot of buying to get back into the .30s. I know I would hate to be without shares when next week arrives.