Replies to post #362893 on Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Right, tax loss selling in 15 minutes 1.5 M shares sold. Any retail investor would not be selling that number of shares in that short of time. At what point is it not clear Elite's shares are being manipulated?

I actually did a tax loss selling post three years ago and the answer was...

Once again, if we can agree that “tax loss” season is from November 1 – December 31, we can look at the p/s movement in that time since 2011 and what do we find?

2011: Nov 1-Dec 31, the share price move UP 20%...NO TAX LOSS SELLING
2012: Nov 1-Dec 31, the share price move UP 12%...NO TAX LOSS SELLING
2013: Nov 1-Dec 31, the share price move UP 33%...NO TAX LOSS SELLING
2014: (the year of the 97 cent pinnacle and 22 nadir) Nov 1-Dec 31, the share price moved UP 23% Twenty-three percent in a year when the swing was huge. Go figure!
2015: Nov 1-Dec 31, the share price moved DOWN 8% Which marks the ONLY decrease and it was single digits
2016: (the infamous CRL and what do we find?) Nov 1-Dec 31, the share price move was FLAT…zero. NO TAX LOSS SELLING
2017: A modest increase in the p/s…NO TAX LOSS SELLING
2018: So far, this month offers nothing but the same…NO TAX LOSS SELLING.

I will have to check 2019 & 2020...but today's selling is NOT tax loss selling...