ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

Interesting past couple of weeks.

The sp dips back into the .02x levels then rises up into the .04x levels in a blink of an eye (do I really need to point out that the .05x prints on 12/9 and again on 12/11 were obvious paint jobs?) -- which is a terrific short-term indicator... ...but yet only generated approx $125k worth of trading volume over the past 10 days -- which is not a terrific short-term indicator... ...so essentially mixed indicators.

The indicator that is the most important to be cognizant of, IMO, is the fact that the sp would jump leaps and bounds from trade to trade, and many times would trade only a couple thousand dollars before jumping up to the next leg. Point being: The sp has essentially doubled based on only $125k worth of trades over a 10 day period leaving gaps galore in its wake.

It appears once the base at the .02x level grew to become the largest base ever in the history of SCRC, the market began willing to speculate that .02x was the bottom. With approx 2.5M shares traded in the .03x levels and approx 750k traded in the .04x levels, we can hope that the bulk of these were part of the 2M shares of .016 shares that BS Schneiderman dumped back on 11/18.

Assuming that we didn't see too much selling in the .02x levels by those who had held the previously low-water mark of .03x, we would now have approx 6.7M shares accumulated at the .03x levels. IMO, we need quite a bit more at the low-, mid-, and high-.03x in order to fill in the gaps adequately enough to provide confidence that the next solid base up has been formed that can ensure that the sp will NOT crater back down after the next P&D comes -- which by the paint jobs that still occur, is likely still a matter of "when" and not "if"...

GLTA...