Elite Pharmaceuticals Inc (ELTP)

[ice_n_ak]

Interesting price movement the past few days. People taking profit which is very good and other people are buying in the hopes of making a profit.

Unlike those who 'buy low, sell high' I bought ELTP for long term capital gains which for me start this September.

I do not think the shares fully diluted will be in the billions as I think the CEO is looking out for the shareholders interests which are in line with his own interests.

For those holding for the long term, the advice given often is to buy and let it ride, which is my policy for owning ELTP.

For those of you who sold in the .90's and bought again in the .40's and .50's, congratulations on your strategy. I'm not that good deciding when to take profit in the short terms as I usually say, "I shoulda bought earlier/later and I shoulda sold earlier/later. For example: Tomorrow I say the price of ELTP will close higher than today's close. I'll probably be wrong which is why I'm long term as the management and technology with the aid of gaining revenues and positive news means the future is good for me and the company.