Replies to post #386907 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Theoretically you should always be buying and selling these type stocks that have large fluctuating prices and large spreads.

And if you believe in the company a large base to keep. Not everyone has the ability or time to do that. The shorts actually don't really want you to do that because it allows you to buy more then what you had before when the stock dips....so the shares become more scarce as the process repeats itself over and over and they don't know if it's new money or old money buying up shares.

It also helps the stock price stabilize. Which helps the price grow. Again. Scarcity. Which is why naked shorting from our overseas friends is such a problem if they can avoid scarcity

Traders are looking for volume of course which we hadn't really had until very recent and honestly that's not really significant volume at this point.

[The ELTP King]

You have NO CLUE what's going to happen within the next 90 days.

EVERYTHING that has happened with Elite's stock since Nasrat took over has been the EXACT opposite of everyone's predictions..........good OR bad.

When considering whether to take some off the table, I think that with a few significant announcements due within 90 days, it would be premature at this time.