ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Analyze the Trades and you will see that SHORT COVERINGS drove this PPS this high the last 4 trading sessions.

I concur that there has been significant short coverings ever since the run began. Although the covering has certainly helped, the ratio of “real buys” to buys related to short coverings has still been approx 2:1 in aggregate during this run, so I think that even w/o the short covering, we still would be in the middle of a quality run, albeit maybe sitting at .17x instead of sitting at .19x.

Did not see any major retail buying.

I actually think that there was more retail buying than most realize. I say this because it is predominantly retail who subscribe to Zacks as well as the multiple pennystock newsletters that recently ran profiles of SCRC (not to mention the fact that the TA/chart indicators all began screaming "BUY" at around the same time and these indicators are predominantly followed by retail), which coincided with the recent influx of buying interest.

To the extent that buying was NOT attributable to short covering by TUTs, it is my belief that the remainder of the buying was mostly retail. Any TUTs that were interested in buying in have already done so considering that the STE investor conference was over 60 days ago already; any additional TUT buying would most likely be after JAN’15 Main Ave numbers are PR’d as the expectation is that if JAN’15 numbers reflect that Main Ave is unaffected by the final phase of the new restrictions on compounded Rx’s, then this will more solidly prove the long-term viability of SCRC’s business model to TUT’s, who would then see less risk and be more willing to buy in. JMO though…

Major resistance at .21 plus.

For a while now, I had called for resistance to hit at .20 based primarily on the fact that there was a wall of approx 3.1M restricted shares that were priced at .14 that had unlocked earlier in 2014 but had been lurking in the overhang waiting for the sp to rise to at least .196 where, IMO, these .14 shares would become attractive enough to be “priced to sell”. And so far, based on the past few days, it appears that .20 has indeed been a resistance point in spite of heavy above average volume.

Although only a penny off from your .21, I am curious as to where you are getting your resistance number from? Strictly from TA/charts? I know that on barchart.com, it indicates 1st level resistance at .2084 followed by 2nd level resistance at .2179.