That's exactly what it is. Most likely people who bought a few weeks ago thinking we'd run after earnings that bought then got stopped out are buying/considering getting back in in anticipation another run might happen if we can get above .24
It would be smarter to just hold a position then to keep getting stopped out in a trading range, but whatever. Buying 50k shares to make a penny or two doesn't make any sense in this case, much like it made no sense buying at .08 and selling at .095 2 years ago. I trade for a living (futures not stocks) but trading ELTP at this point makes 0 sense.
Wait, that implies there is manipulation in the p/s and have we not heard that there is no manipulation? To paraphrase Captain Renault, I am shocked, shocked to hear that manipulation is going on with Elite.
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