Replies to post #217997 on Elite Pharmaceuticals Inc (ELTP)

[captainsjg]

I was watching L2 and three heavy buyers were sitting around there. One was maxm so we know what that was about but man not sure. I'll tell you I think chart wise ya it's a disaster but want to see how the week pans out. I AM NOT A BUYER AT .15. That would be dumb based on current info. That's just me though.

[BostonTrader]

I hear you John. The only thing at 15 cents is that it is a round level (15 cents, 20 cents etc..) and usually orders build up there.

If 15 cents goes tomorrow, it's a bigger shit show than it already is. If there are big buyers, we should see them around here and if not it's going to crash down to 10 cents. Ignoring the market and thinking you know more than it, is how people lose fortunes. People thinking everytime we go lower its cheap shares need to stop to consider why it keeps crashing. I've seen this now in about 8 different stocks which have bad news and the whole way down people who didn't sell, keep doubling up and the price never recovers. May not happen here that way, but it certainly shows all the signs so far. Don't think big investors are stupid, they aren't. If they are not here, and it certainly appears they are not, there is a reason even as the stock collapses.