Replies to post #289547 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

True, you can't make this up...

When has this stock EVER increased half that amount. Here is the reality, it hasn’t ever under Nasrat’s leadership after news has been released. But guess what? How did the stock fare after the SequestOx news? Reality bites. Followed by 2 more CRLs. There is a clear trend here and that consistency is what is being traded on. Stock has gone nowhere but south for months. Can’t make this stuff up.

Earlier post we were shorting for a quick 4% gain, in and out, trying to ameliorate risk. Now this post we're shorting it and staying short for months waiting for a CRL. Which is it? Even the biggest pessimist would admit that there are any number of news events that would double this stock price. There are a few that would send it straight to a dollar+. There is no calculation that makes shorting a 9 cent stock make any sense. Feel free to prove me wrong. I won't hold my breath.