Don't feel bad, dh, this am I was called an idiot on another board because I do TA. I warned Longs here eight months ago but they are not going to listen. The chart may be signaling even worse as there is a rising wedge pattern on the two year which means the price could well come back down to where it started back then. Good luck.
I just came across your reply. Please give me a few minutes to put chart, ta and explanations together for you. Will have to go to IH board in order to post chart.
T&Y: I come to you with prejudice admittedly, as once GC lost my trust last Summer I sold my 'long' position and cannot deal with the BS. A much lower figure would not surprise me; however, there does appear to be valuable science behind Lympro, Manf and Eltr. I don't have a crystal ball. The post I left elsewhere is detailed enough so as not to blur a reasonable deduction on your part.
News can change the picture so a hard bottom weeks/months in advance cannot be guaranteed. I just know I can not hold an unstable stock which this is in spades; whatever anyone else chooses is his/her decision to make. I wish you the best. S.
Good luck to you!!!! BTW, always a good idea to Google 'Peter Lynch advice' and have a refresher of his wise investment advice. Sharpei
'If price on the move back lower stays higher than the previous low, and volume is diminished on second decline, then this is usually interpreted as a bullish sign.'
Jim: Check it out; my previous statement may need to be amended.
BS! This is what happens to stocks that experience huge runups - .06 to .97; and it gets manipulated to squeeze every drop. It is also an indication that you are best served by exerting patience and beyond over the long run. 'They' know how to squeeze shares out of frustrated and angry investors....that is all there is to it. This is why knowing and focusing on the fundamentals is so critical.
cdbellpt: I see the situation very differently, cd. My reaction is to say that some don't realize what a gem they hold and how fortunate to have the mgmt. we do. A delay of a couple of weeks (or more) doesn't faze me; Stay focused; H put up his own money, lots of it...so as to lose it???? Just keep hanging on. You will be happy you did. We have been consolidating since Dec 16 and I do feel comfortable saying I believe .1745/.20 is the bottom. Thank you for your appreciation of the TA. You are fine!!!!!
Read the damn response from hq; the labels were messed up by the printer-the cause of the delay. Of course it is Nasrat's fault!!!!!!!!!!!
when esusun was all over this board. Disappeared. I was roasted when I posted I saw on the chart that this might go to .18 after it hit .60. There's a whole different mood here now.
I don't have any since I sold at a profit and got out, thank goodness. Just checking to see if esusun ever surfaced-curious is all.
Reverse Split: If you have done your DD you already know that there is plenty of equity in this company to support a rs price should one be announced and there is a better than excellent chance that it would never happen. Reasons that that could be the case are available to anyone willing to take 5 minutes to investigate this company. That said, IF there were a rs I believe strongly that the price would be at a point to support a minimal share ratio; 2) Qualifications for Nasdaq, I believe include maintaining $5 for a couple of months (perhaps 90 days), is one.. Look it up.; 3) Not only NH but JT and others have made generous investments in the last half year personally re: share ownership; 4) I support the manner in which NH handles PR's. He holds the cards close for a reason and SHs that do not understand the critical reasoning for that smart strategy are woefully undereducated (I am not going to write a treatise.) Wise shareholders need to: a) inform themselves of the facts surrounding the valuable asset that ELTP is; AND b), have the assurance that this company is what is represents itself to be in spite of the prolonged share suppression or they SHOULD NOT be invested in ELTP. I cannot state this too emphatically. All the data you need is available so get off your lazy behind and look it up!!!! Sharpei