Replies to post #204293 on Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Great post on several fronts.

[Couch]

I REJECT the continued false narrative that MM manipulation and/or "naked short selling" cause such erratic price action. Yesterday it was PFE's ADCOM period.

It's clear to those who have watched this stock daily for several years. Common OTC tactic. The MMs and wash traders used an upcoming event - this time PFE's AdCom meeting to stir up interest and buying ensues.....then on the day of the event they begin to sell shares making it look like a bad even for Elite - when just the opposite is true. It's one of many ways the MMs make their living.

I'v said nothing about naked shorting.

It was coordinated MM buying and selling - so yes there was correlation to the PFE AdCom meeting. That much is obvious. But to say the even wasn't correlated with manipulation. LMAO