ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

there were several million shares traded sub-.08 during the crash, including close to a million sub-.07. These will need to flush thru before we can break thru .09. And when that occurs, it will simply be because the technical indicators are allowing it to when we see that not only have the .06x-.07x shares have flushed thru but also when a large enough base has been formed here at the .08x levels -- and NOT because of anything to do with SCRC's fundamentals, because absent major positive news, there is NOTHING about SCRC's fundamentals that will have changed since the NT filing came out...

Well, for those of you keeping score, since the day of the flash crash, approx 14.6M shares have traded at the following price levels (approximately):

.06x -- 0.8M shares
.07x -- 4.2M shares
.08x -- 6.6M shares
.09x -- 1.5M shares
.10x -- 1.5M shares

So what does this tell us? Several things:

(1)
It is likely that all the .06x that were purchased with the full intention of getting quickly flipped have flushed thru, with any remaining unflushed shares likely representing speculative holds waiting to see if the sp can go on another run over the next several months.

(2)
By my estimation, there are still well over 2M shares left at the .07x levels that have not yet flushed thru. How much of it is held by folks who are looking for an immediate exit vs those held by folks who are willing to hold it as a speculative bet to see if it can go on another run is the big question.

(3)
The 6.6M base at .08x is growing nicely. It is the largest base that we have had since we had the 10M base in the .19x-.20x levels a few months ago (of course, a lot of good that did us, LOL...). Aside from the unknown number of shares that are part of the original 40M shares held by the criminal homophobe JOSEPH ZAMPETTI and the rest of his criminal CORE con artists that they will try to liquidate, it is my belief that -- barring any bad news or unfavorable disclosures in the 10K -- this base at the .08x levels is almost ripe for building up off of. Reason being that the number of shares at .06x-.07x is dwindling rapidly and so unless the rest of the .06x-.07x shares suddenly hit the bid all at the same time, .08x should be able to serve as a base of support for us.

(4)
That being said, as we move up -- and especially as the base at .08x continues to grow -- look for some resistance beginning around the .096x levels as this will be where some flippers will begin taking their 20% profits, with additional profit-taking at .10x on thru .12x. Of course, there is always a percentage of those shares bought at each price level that are NOT flipped in the short-term, but those that are intended for short-term flips will typically flush themselves out in the "20%-50% gain range".

(5)
I am not too concerned about the 1.5M shares at both the .09x and .10x levels... ...yet. Quantity-wise, they are relatively immaterial and can quickly be absorbed with average volume. I would become concerned (and not necessarily in a bad way but simply from a "potential new future resistance level" perspective) if the next leg up decided to setup shop by forming a new large base at these .09x-.10x levels, as this would mean that we need to be on alert for when THESE start becoming priced to sell as well...


Happy trading everyone and GLTA...