Replies to post #173471 on Elite Pharmaceuticals Inc (ELTP)

[DR Ryan]

"Smart, rich people" invest in stocks that are undervalued. My girlfriend is a neurologist at the National Institute of Health and loves the science behind our ADT and has told many of her colleague doctors/clinical scientists about the science and they love it as well.

"A cynic is a man who know the price of everything, but the value of nothing."

[Couch]

Perhaps that is true for the majority, however, positive phase 3 data places ELTP in a completely different category than 99% of other OTC stocks IMO. Besides, ELTP used to trade on the AMEX. I could also point out that Elite has similar and IMO better tech than Pfizer. One doesn't have to be rich to understand what that means.

Let's hope with ELI 200 launch most of us will move into that previous majority category.

[Dr PeteRose MLB]

my brother-in-law is a 30+ year veteran of merck and pretty damn well off and he had over 2 million shares around .09-.10 pps he sold 1/2 million or so on the run to .97 to recoup his investment he now has over 1 1/2 million shares free riding thats the way people with money do it hes the reason i sold shares on the run he sold a day before me and a few pennies higher than I did but I bought my shares back plus 160k or so more

[Steges]

Erroneous... I'm smart and rich and own a lot of ELTP. I bought a lot at $4 and a ton at under .20. I have a diversified portfolio managed by Wellington, real estate investments and will probably end up making more money from Elite's success than any other investment. I'm not alone. There are some very successful and wealthy individuals invested in this company.

[Hike]

Nonsense. My wife and I both earn 6 figures. I have been invested in this company for quite some time. No regrets at all.

[dr_lowenstein]

Agreed, I pull down 8 figures per year and I would not touch this POS with a ten foot pole, but I do like to warn folks

[toofun]

Same here Je, no risk no reward. Diversity in holdings do not preclude a high risk portion of ones portfolio. I'm in my sixties and my wife thinks she's forty.