Replies to post #271924 on Elite Pharmaceuticals Inc (ELTP)

[Don'tDrinkTheKoolAid]

More than likely the price is dropping so no one is buying. Let me explain BUYING AND SELLING. Lets say you have 2 forces on both sides and a needle in the middle when selling pressure increase the needle turns red. When buying pressure increases the needle turns green. Nuetral both forces are equal.
So there you have the selling pressure hence the price dropping is greater than the buying pressure.
Now I have several stocks today that are very green must be under distribution LOL. Nope that would be accumulation. BIOS WTI CLDX take a look at the CLDX chart. SOMEONE wants it bad someone knows something. Unlike elite no one wants this. MM holding it up for what I don't know?
OH CLDX blew through the 50 and the 200 day MA's. It might hit 3.8 before the end of the week just a hunch. Next stop 5 bucks which is a WAD for ELTP that's WILD ass DREAM!

[John_Langston]

Does lack of volume mean nobody is selling or does it mean nobody is buying?

Both