Replies to post #172378 on Elite Pharmaceuticals Inc (ELTP)

[Mocha Jet]

17.45¢ was the most resent 52 week low. The next one will penetrate the teens a lot deeper.

You must feel things are looking much better for ELTP. You've increased your predictions of ELTP's shareprince from 2 cents to the teens.

[ivorytowerboy]

Johnny: why would ELTP re-test the teens again? Since announcing positive Phase III results isn't the company in a much stronger position, and deserving of a stronger pps? Your views seem most illogical.

[didibibbop]

This is horse pucky scare tactics. ELTP IS NOT testing the TEENS again. That is ridiculous - unless the stock market itself disintegrates.

You could see a bottom of .22 that is pure technical. Their is some strong bases / support at .20-.25 with news on the horizon. .17 was a blip on the radar when the market was doing terrible.

Since we are a couple of months away from any announcement, I would say 60% chance we hit .25. If we hit .25 expect a good traders bounce.

Weak hands will fold as peoples patience get tested. I have been holding ELTP for a couple of years now, AND LOVE IT when we find our way back into the .20s.

You want to trade ELTP, buy the .20s and sell into the .30s for a couple of months. Keep a core in the .20s.

For those who feel they bought high.
Average down over the next week, and trade those puppies back into the .30s and sell those .30s you bought against your .20s.

Over the next few months there will be a number of opportunities / cycles to trade before the big numbers hit. This stock is now on the radar for allot of people. It will heat backup within next 3-4 weeks.