Replies to post #397821 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

DSherman is right in this idea about 99% of the time on OTC. Traders aren't some special genius. They understand supply and demand, watch level 2, spoof, send signals, and use message boards to effect a psychological advantage.

None of those stocks have real fundamentals. Elite wasn't really something to trade for a long time because it was shorted and held down for a long time. There was no volume for a long long time. Traders need volume. They need % differences between the bids and asks and I would bet a high % use illegal tactics as some have busted themselves in their admissions.

Using multiple accounts. Buying and selling to themselves when there are large spreads

"Oh no, someone just sold a large block. People are bailing..." Yada yada

"She's stacking, huge buys going off"

Need multiple accounts and sometimes multiple players to make that work. You are not allowed to sell to yourself or buy from yourself. You get one or two warnings then your trading can get limited

Elite ELTP has the fundamentals unlike 99% of OTC. So investors look at it like like a big board stock This is way undervalued because of basic math. It should be a big board stock.

Because it is OTC, it's not always going to be normal. Or make any sense.

We could easily run to 30 in a few days or drop to .13. I do suspect there are traders looking for cheap shares. Investors looking for shares and there is a large short position because it is OTC.

It is the wild West but the company doesn't care. They are just going to make more and more money and then boom.

Why do people think it ran to .90? It was a short squeeze then a run up to short it down. The company was not worth that cap at that point. Not remotely close.

[Pharma Sleuth]

To put it simply. Traders here need to be right every time to maximize themselves and they better time it right which they probably wont. Investors are going to be right and already are. There's no tangible risk outside of an act of God. And the CEO sure isn't going to let it fail. He has the most to lose buy a mile.

But it's just about making stuff that's hard to make. Stuff people need medically. And it's many billions... just the current drugs. The CEO is just driving the value and revenue to sell the company.

[DSherman]

Ok, you just referred to most traders here as “dumb” because they have different trading strategies. Now, what you seemingly refer to as flipping for 1% certainly leaves out the fact that many at $0.20 were up as much as 600% which you somehow conflate with only 1% gains, that is certainly dumb and twisted to meet your agenda. Stupidity is, trading in pennyland and not recouping at least your principle when up 600%. But, pennyland is dreamland for many UNTIL they are in too deep. At this point it becomes desperation totally void of the realities of pennyland which leads normally good people to attempt to smear others who are simply trading in the market and actually supporting elite. SAD!!!
Eltp