I see that the Section 17(b)-violating criminal homophobe JOSEPH ZAMPETTI was pumping about how SCRC went 10 straight days closing over .05...
...Well, let's see here, over that 10 day stretch, the VWAP (which is the truest reflection of how a stock performs) was as follows:
.051
.052
.043
.050
.043
.045
.050
.050
.049
.048
...hmmm, funny what a paintbrush in the hands of a non-disclosing paid promoter can do for a stock, eh?
And over that 10 day stretch, a whopping $61k traded.
As I've been saying folks, in the absence of news, technical indicators will rule when and how the sp moves. Period. Gaps need to be filled. Period. Recovery will be a slow process that will take time. Period.
There has only been 1.1M shares traded in the .05x levels since the crash down to .02x. Do you really think that in the absence of news that the sp will simply forget that 5 comes after 4 and suddenly start trading in the 6's? Only way that will happen is if the stock gets pumped and new retail suckers get lured in... ...enter JOSEPH ZAMPETTI, LOL...
By way of reference, 6.5M shares traded in the .04 levels since the crash, and 8.6M in the .03x levels post-crash -- and that is on top of 20.4M shares that traded down in the .02x levels and 3.4M dumped in the .01x levels by SCRC's own BS Schneiderman.
That's a lot of folks who are waiting in the front of the line at the cage waiting to cash out their chips in the current .04x-.05x levels, before resistance will lighten up enough for anyone to see .06x (at least "natural" .06x prints, and not paint jobs, LOL)...
Continued GLTA...
