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  4. Elite Pharmaceuticals Inc (ELTP) Message Board

Got this one removed over at ihub....big surprise.

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Post# of 2146
Posted On: 11/20/2012 6:24:55 PM
Posted By: Couch

Got this one removed over at ihub....big surprise....I'll repost it here in hopes of having an honest discussion here.


With @ 2 million shares shorted as you mention and the posts that rob888 and packerfanbud post.....combined with certain posters unwilling to acknowledge even a single positive about the company....and here we sit at .08 cents. It makes the Conspiracy Theorists sound spot on and seen in the day to day trading. Mere day traders, Big Pharma "representatives", MM's illegally trading. Seems we've heard all the above. What we do know is this stock is shorted so regularly it has become the norm and when the PPS climbs not only does it not hold those gains it gets more than hammered. 

I suppose what I'd like to understand....is that we ran from .06 to .26 when I first bought in March 2011. The stock has since bounced @ and basically retested the 52 wk low recently.....is that proof that the initial swing trader-investors have made their money and gotten out? Does that mean we are looking at a new group of investors now needed to raise the stock price again? In essence, are we merely going to go through another phase of the pop and then drop all the way back below a dime?

And most importantly what will it take for this stock to hold those teens? Will it be when the company becomes cash flow positive or are their a group of traders here who own so many shares that they basically own the stock at this point and are able to make their money at will? Just curious about some of these questions and having some of the longs who have been around since I have offer their thoughts? 
Thanks in advance,
Couch



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