Replies to post #136568 on Elite Pharmaceuticals Inc (ELTP)

[Gman24]

Nice post Heidi thanks. I've already had that very conversation in my house.. lol...Happy Thanksgiving

[dr_lowenstein]

I could never distort the truth to my partner.

[John_Langston]

I bought $50K worth of a stock like ELTP once and my investment went to $400K and started down and my wife said sell and I said no it is worth way more than this. I finally sold it for $100K and today with the same company doing the same thing; my investment would be worth $2K.

[Investormax2009]

I have brokerage accounts at two big name wealth management companies, UBS, Fidelity. Street guy Etrade is the only one that will allow me to buy the stock. Ameritard (mis spelling on purpose) would not allow a buy. None would allow a short position. I had heavy amts of cash and investments and it did not make a difference. So I am thinking only MM or institutionals can short this.

We are now down about 50% from late August and at some point they will start to reload and cover. They want to make money both directions. Most of us can only trade one direction (long). Do not be discouraged - our time will come! IMHO Max