Replies to post #90600 on Elite Pharmaceuticals Inc (ELTP)

[jpc7330]

IMO sky is the limit. If you were in the CC and listened to NH and this management team you'll see why everyone on this board, minus a couple posters, is so upbeat about ELTP. Two CC's ago I asked the question that if all the stars aligned when would ELTP see their first product to market? He set a goal of applying with the FDA in Dec/2014 and the FDA legally has one year to review the application. Worst case, imo, was Dec/2015, but with the pain pill epidemic, and pressure from Congress, I can see the approval come much faster. One of our DD kings posted that one drug in the market would yield a PPS of around $3-$4. Now factor in a complete line of opiates using ELTP's ART.

[rain1ny]

If you hate stampedes into the sell then stay away from volatile stocks - stay away from pennies and otc's altogether. I never buy pennies unless I do my research into it thoroughly and that research does not come from forums like this.
As well with any stock I buy, there's only one question I ask myself and that is 2 years from the day I purchased not 2 days or 2 months mind you, will I see gains. With ELTP the answer was a yes.
You guys work to hard. Buy and chill and if your up a dollar one day and the next day it's 72 cents sell if you feel that on the days ahead you may not see more gains. It's really as easy as that.
Relax go for a walk and come back in a month when this stock is trading over .50. And sell or hold.
Long here, see you folks in a months time.
Good luck to all.