Hi reid: The chart is pretty clear that there is strong resistance at .45-.47; and IF we get through that area, then .51+/-. I wonder if we will see the typical slide post the conference though, so something to watch out for til the next 'big news'. Really don't know more than the rest of you. Watch the ADX and RSI topping as well as a single tall green candle or double top...Great results to all!
' I believe that Nasrat is far more savvy in the ways of media, marketing and sales than some give him credit for. If he hasn't planned this fourth quarter's events to the extent that God allows I will be the most shocked here.' And some on this board squealed like piglets....
Cmax is a term used in pharmacokinetics refers to the maximum (or peak) serum concentration that a drug achieves in a specified compartment or test area of the body after the drug has been administrated and prior to the administration of a second dose.'
Cmax (pharmacology) - Wikipedia, the free encyclopedia
Lest any forget: For three and one half months from Sept 16 to December 30 2013 the price of ELTP sank until it started its meteoric ride to $.97. Prior to Sept 16 2013 the price had languished for two years at .06 or lower. We are just about to take that ride once again...
Sometimes less is more and patience is a lost art. You've got a guy with the credentials and intelligence (How do you explain .97 earlier this year!) that is hard to find in a little, PENNY stock who has put his money where his mouth is, shown us what can be and holds out the brass ring for us to grab and you complain. And you call him 'moronic'. Who is the moron here?
Gotta jump in on the speculation. I believe that Nasrat is far more savvy in the ways of media, marketing and sales than some give him credit for. If he hasn't planned this fourth quarter's events to the extent that God allows I will be the most shocked here. Elite is his ticket to his legacy, the future for his family and of course, it will benefit shareholders.
Yes, and I expected to be bashed when I proposed the price will settle back down, also. I suspect it will hit about 10.30, then begin its slide. It is not an indictment of the company as I said in my first post; it is simply the market's process doing its thing It will probably take several months but I think my calculations had it settling back just under $7.00. The market is fickle in ways that make no sense to the casual investor; it bites you in the @**, doesn't it.
Duh!!!! PLENTY of these companies slip under the price requirements post RS, which is why the company split at such a high ratio...to offer a cushion for such an occurrence. Is there anything besides cement between your ears? (Nevermind...don't bother.)
What happened to esusun and outtrader:? Have often wondered. Everyone looked to 'esusun' who was the biggest proponent of this stock and owned millions of shares...kept adding...and Poof!
You have no idea who the 'poster' is. I have never been on this board before now. I love the 'intellectual minds' on this board. BTW, the company didn't need a 100:1 split to conform to the requirements to uplist EXCEPT IF THEY WANTED TO MAXIMIZE THE POTENTIAL TO AVOID SLIPPING UNDER PRICE REQUIREMENTS.
You might want to learn to read a post correctly: 'RS split was announced'-'announced' being the operative word. Any seasoned investor would have the same concerns.
Also, umustbinsane: I hope people are wise enough to really think long and hard about what you have posted here. Very thorough, valuable and well thought out examination of the extreme risk one takes on when investing in the fragile world of small biotech companies.
The company shows a great deal of promise, but the sizeable 100:1 reverse split seemed to me to be radically premature. Somewhere I saw the comment that it was done so as to prevent the loss of compliance which speaks volumes to the inadvisability of doing it so soon. I only got in one day before the RS split was announced and am out already.
Cannot agree more with you all. Try to find substantive posts; it's littered with more trash than a landfill.