ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

The numbers you are presenting are no where near 12% from 2/2 the close .21 before the announcement to yesterdays close .194, the numbers work out to only 7.7% appr. With only a volume of 1.1M appr. So yes its so far a non-event.

We were at .1089 on 12/12 and made a high close of .2165 on 1/30. We were a little over bought around the .20 and .21 range settle down a bit and closed back up to .21 on 2/2 So that news had or showed any adverse effect of the stock.

(1)
I never said it was down 12% off the 2/2 close. I said it was down 12% off its high, which is an accurate statement. It reached a high of .2199 on 1/29 followed by .2198 on 1/30, and followed by .219 on 2/2. The sp was attempting to hold the line there but the PR on the morning of 2/3 took the winds out that effort.

(2)
If you wanted to look at it using the most recent print closest to when the news broke about the drop in JAN numbers, then instead of using the EOD sp from 2/2, you should be using the opening print the morning of 2/3, which was .217. Using this, the retrace is still approx 11%.

(3)
Considering the EOD print on FRI of .1918 (and not even using the LOD print of .1888), the retrace is now 12% off of this .217 and 13% off the high of .2199.

(4)
But ultimately, this is akin to splitting hairs. If 1.1M shares have traded since then as you are stating (which I disagree with as I only see approx 700k shares traded from 2/3 onward), then that is still a healthy amount of shares being sold w/o having sufficient bid support to absorb it. Selling is continuing to take place no differently than it has for the past 12+ months due to the millions of discounted shares that are still in the overhang which are priced to sell at the current sp levels. The problem is that because we are in a news void, and the most recent news re: JAN numbers was not spectacular, it is quite evident that this "news" of JAN numbers kept buyers at bay and this absence of buying played a role in the TA indicators now turning bearish. it is as simple as that.

Just a little correction of 7.7%

Well that is a load of crock if I ever heard one, LOL...

A "correction"??? Correction from what??? The sp just had a major correction down 20% just a couple weeks ago and had just recovered from it. It is not like the sp ran up another 100% and needed to take another breather. The sp simply re-couped what it had lost during the retrace. In addition, the RSI was nowhere near 70 and the other TA indicators prior to the announcement of the JAN numbers were bullish and still screaming "BUY!!!" The ONLY thing that happened before the sp began sputtering and turning south again was the release of the sub-par JAN numbers.

It is what it is. Sugar-coating it and spinning it into something it is not is a great dis-service to both current shareholders and prospective investors, and is a toxic perspective that only someone who is a holder of the toxic .05 PIPE stock would be attempting to spread. The facts are what the facts are. Folks can digest it however they wish and then make as well-informed decisions as they can based on this to either take action or take no action.