Replies to post #277031 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

This is the new math being taught at the U of Elite.. it's called the "what if" theory of financial analysis..

What if Elite didnt have to pay any of their expenses??

Answer: They would be profitable!!

[Don'tDrinkTheKoolAid]

Exactly because they would just flounder around with no direction. Everyone would have to be laid off. The R&d closed down. Just go for being in business with x market x sales. Limited growth and opportunity.

[conix]

This whole ELTP story over the past few years has been a tug of war between perceptions and delusions.

No one here can dispute that those that traded ELTP have been proven out to be more wise than "Buy, Hold and Accumulate".

Despite having to pay taxes. And booking "chump change."

Those who have unfortunately never traded have no choice but to try to convince themselves that they are not still holding a losing investment. Years ago, I used to do the same thing when I got overly committed to a stock idea that just was not panning out. The cycle of averaging down continued and ate up my investable capital so I could not buy into other promising companies.

Does ANYONE here really believe that the Conference Call was so positive that you would buy in now--with tax loss selling starting? There is no rush to buy ELTP. I bet you could buy in January, after tax loss selling, and still get a price around .08 or lower.

This Conference Call is probably the last piece of news we are going to get out of ELTP until the New Year.