ScripsAmerica Inc. (SCRCQ)

[jzinvestment]

First off, the A/D line that was posted could be greatly misinterpreted. The A/D line is dependent on the close of a selected time period and is scaled according to the high-low price range of that period. Therefore, an A/D may be positive and increasing while the SP is decreasing as long as the close price is above the midpoint of the high-low range. This is easily demonstrated when calculating the multiplier which is used for the computation of the A/D line. Moreover, the A/D line is susceptible to divergence, both bullish and bearish, in which the price actually moves opposite of the A/D line; this is a red flag for a reversal. Therefore, the A/D line should be used in conjunction with other indicators such as OBV and momentum oscillators (which I find to be essential to the interpretation of the A/D line). My second point is that the success of SCRC is contingent upon closure of the China deal yet I have not heard anything beyond word of mouth and fluff PRs. Can anyone direct me towards legitimate sources reinforcing the claims made about the current state of the deal? Also, for anyone trading this stock, I believe SCRC will be an excellent swing trade around .03-.05. Hopefully it remains relatively liquid and we can enjoy the benefits of the much higher profit margins at those prices (on the order of 50-100% v.s. 20-30%).