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  4. ScripsAmerica Inc (SCRC) Message Board

I understand that on 3/17/14 there were only 5 mil

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Post# of 7769
Posted On: 04/04/2014 7:26:46 PM
Posted By: Bsav88atty
I understand that on 3/17/14 there were only 5 million SCRC shares of toxic inventory to absorb before the heavy selling pressure ended. Per Celts, every two shares of volume equals one share removed from the bucket of toxic shares. Over the past three weeks, the total volume was about 6 million, leaving only 2 million remaining toxic shares in the bucket...that's all!

Here are the daily numbers:

Week One:
3/17/14: 5M reduced to 4.86M (274K volume / 2 = 134K decrease in toxic inventory)
3/18/14: 4.86M reduced to 4.71M (297K volume / 2 = 148K)
3/19/14: 4.71M reduced to 4.56M (307K / 2 = 153K)
3/20/14: 4.56M reduced to 3.81M (1.5M / 2 = 750K)
3/21/14: 3.81M reduced to 3.54M (531.9K / 2 = 266K)

Week Two:
3/24/14: 3.81M reduced to 3.56M (508.1K/ 2 = 254M)
3/25/14: 3.56M reduced to 3.5M (112.1K / 2 = 56K)
3/26/14: 3.5M reduced to 3.3M (404.9K / 2 = 202K)
3/27/14: 3.3M reduced to 3.1M (342.8K / 2 = 171.4K)
3/28/14: 3.1M reduced to 3.04M (120.2K / 2 = 60.1K)

Week Three:
3/31/14: 3.04M reduced to 2.75M (575.9K / 2 = 287,950)
4/01/14: 2.75M reduced to 2.57M (352.1K / 2 = 176K)
4/02/14: 2.57M reduced to 2.16M (830.2K / 2 = 415.1K)
4/03/14: 2.16M reduced to 2.06M (195.5K / 2 = 97.75K)
4/04/14: 2.06M reduced to 2.01M (98.5K / 2 = 49.3K)

Assuming our 200K daily "half volume" average continues, we have only two more weeks remaining to absorb the toxic selling. Having said that, all it will take is one or two more crazy volume days to punch through this heavy selling pressure. If, for example, we have a day similar to 10/28/13 when the volume exceeded 3.6M shares, we will be home free. I have read opinions that SCRC has absorbed close to 60 million shares. If true, over the past several months, we have painfully risen all the way to the top 3% of this dark, uber-tornado producing cloud system. Another 2,000 feet to climb and we will finally be cruising in smooth air with sunny and clear skies above. We are almost there folks, and I'm very excited to be sharing this experience with all of you.

Have a great weekend!

BSAV


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