Replies to post #17312 on ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

It was one of 2 things....selling by Ironridge

You are missing other more plausible scenarios. See my response to martin preceding this post.

but one thing is clear new blood came into the stock so hopefully we have a new base to work from as we move up.

This I will agree with, Alleyba. Although in one sense it was disappointing to see that the 2nd largest volume day in SCRC history only resulted in the sp going from .101 to .11, it was indeed encouraging to see enough buying interest to keep the sp from dipping below .09 and even closing green for the day. As I've stated many times here, volume cures all ills. This is why SCRC needs material and meaningful news desperately -- and it needs multiple shots in the arm of this type of news -- if it will have a fighting chance of drawing in the buying pressure necessary to blunt the impact of all the dilution from restricted stock that has already begun in APR and is slated to continue thru at least OCT.

Re: setting a new base, IMO, there are still too many shares out there at the .08x and .09x levels. As SCRC is a penny stock that is no different than other penny stocks, I fully expect that retail investors/traders will do what they always do with penny stocks -- and that is take profits and flip when gain levels reach certain levels. In this case, I estimate this resistance to potentially be somewhere between .12x and .14x. Once these get flushed through, there appears to be a healthy amount of shares in the .10x to .12x range that could be ready for the next leg up -- BUT, all this is barring ANY further dips into the sub-.10 levels...

For those of you who were looking for a short term play we have always said this is long term.

That is a patently false statement. During the P&D last summer as well as during Q4 when their restricted stock was unlocking, JOSEPH ZAMPETTI and his core of fellow non-disclosing criminal promoters were very much actively touting the imminent short-term catalytic appeal of SCRC as they didn't care who bought into SCRC or for what reason -- so long as they bought and bought and bought and added and added and added. Heck, even during Q4, there were ridiculous comparisons of the visit to China being equivalent to the mother of all "binary events" -- now why would this angle be played unless the promoters were attempting to lure short-term traders as well as long-term investors into buying buying buying? It's all about saying whatever they needed to say to get as many people as possible to buy and add, buy and add, buy and add...