ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

I'd love to see a short squeeze after it pops through .21

We all would. But with the tight stops that the TUTs are clearly using to cover quickly intra-day, combined with the absence of the real threat of a margin call due to their deep pockets, it will be tough to see a true “textbook” squeeze. That being said, we certainly could be getting more bang out of the shorting buck than we have been. Just got to hope that the highly motivated sellers run through their inventory soon as they keep providing easy way outs for the shorts each and every day…

I think we see it close over the 52 wk high and it's hard telling what will happen, $.30-$.40 in a day or two is not unreasonable in those situations.

Anything can happen once a stock closes above the 52-wk high. It is almost unchartered territory in many ways. Many times I have seen stocks either retrace quickly and steeply (because investors think that because they have reached a “high” that it won’t go much higher) or continue to runup much much higher regardless of any resistance or RSI indicators that the charts may be screaming.

If it continues up, I hope it runs slowly so as to not leave gaps everywhere in its wake, and builds a solid base at periodic intervals. But of course, for the daytraders amongst us, building solid bases aren’t as important as simply shooting up as much as possible as quickly as possible so they can flip and either move on to their next play or jockey into position for a “rinse/repeat” here…