Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

I'll meet you in Kingman or Bullhead City and we can car pool to Vegas (I'm in north central AZ and will be coming down I-40). I'll even buy the first round with the proceeds from other stocks I'll sell to finance the trip because I'm not parting with a single share of ELTP until it's up multiple dollars. Even then I'll only sell a little bit here and there.

It's always wise to take a little off the table in the event of some unforeseen negative announcement (it happens - think Enron and MCI WorldCom, plus dozens of other "can't fail" businesses like the big banks in 2008 and even GE, which would have gone under had it not been bailed out).

I had a 10-bagger back in 2005-2006 and it made for a happy retirement, but I truly believe ELTP will be a lot bigger winner than that. Based on my average price per share, I'm thinking a 25-50 bagger will be an easy reach in the next 2-3 years and a 75- or even a 100-bagger is not out of the question over the next 3-5 years.

I am excited to hear the conference call. Monday will be a long day with the markets closed and Tuesday will be loaded with anticipation. It sure is fun when your favorite stock goes on a run like this. No matter how much money Nasrat Hakim ends up making from his ELTP stock, he's worth it! And the more he makes, the more we makes. Sounds like a win-win for all of us.

Have a great weekend, everyone! Hank