Replies to post #115298 on Elite Pharmaceuticals Inc (ELTP)

[rfwelsh]

Thanks for the reminder. Going to use the ignore button now!

My feeling is that we won't go too much lower. Most of the selling was shorting and for the play to become profitable, it needs to incite panic selling. In all the trading I've seen since the call, I have no evidenced panic selling.

I think most longs know what they have are willing to wait til the next CC for more information (should that much time be needed).

At some point, the shorts have to cover and when they do, we rise. And they will take us back to the high .40s...

This could start today, next week, or the week after, I'm not sure. But I have no doubt it will happen.