Replies to post #153717 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

You are probably right, dr_lowenstein

who? what hedge fund in its right mind would invest in a penny stock like this? Please tell us who these hedgies are and what hedging strategy they are using because I see ZERO evidence that such activity is occurring here.

Maybe you are correct and it is not a hedge fund but rather it is a competitor who is quietly accumulating shares. 3 or 4 entities could accumulate more shares than are owned by Nasrat Hakim and the Epic Band combined, without anybody ever knowing. Do you think it is hostile takeover or a friendly suitor just getting an early start? Maybe that poison pill will need to be played sooner than we think.

Come on, Doc, you know very well that there are hedge funds that play down here in the gutter. Is it really too much to think that several have taken notice of our undervalued gem and have started placing their bets? Are you really suggesting there are ZERO hedge funds holding ELTP?

Who do you think is eating up these shares? Literally millions and millions in the past few weeks alone. I agree with J-La: its not retail buying and the MM's are not holding these shares. So who is it if not the hedgies?

MM "Bid Support" = Hedge Fund Buyer