ScripsAmerica, Inc. (OTCBB:SCRC) Slips Further Down

ScripsAmerica, Inc. (OTCBB:SCRC)’s stock had a nice run last month, but things changed by the end of it. The stock’s price managed to hover at around $0.30 per share, however, this month’s first sessions don’t look so good as SCRC began to slide down.

As we mentioned in our previous article on SCRC, the ticker is highly volatile and its movements aren’t dictated by the optimistic press releases or the amount of traded stock. This is exactly what happened in the last few sessions after the November 4 PR.

In Monday, SCRC came out with a press release, informing the public that the sales from their pharmaceutical distribution joint venture for October are estimated at over $129 thousand. Even though it seems like the company is pretty excited about that, we can’t say that it managed to attract the right kind of investor attention.

In fact SCRC slid badly yesterday and registered another loss. After dropping a little over 3% in each of the previous 3 trading days, SCRC fell a hefty 18.52% yesterday with just above 1 million shares that switched hands and generated $235 thousand in dollar volume.

It seems that the investors weren’t happy with the fact that the joint venture sales increase wasn’t as good as the previous month’s. They probably had higher expectations after the revenue doubled going from $63 thousand in August to $125 in September.

We reckon that the traders weren’t impressed and viewed it as a slowdown in operations, despite the fact that SCRC are happy with the results, which as they said, exceeded their expectations. Or maybe it’s just like we wrote in our previous article and the ticker’s price isn’t stimulated by the company’s press releases.

In all cases we would advise you to do a lot of due diligence and be sure that you will be taking quite a risk if you have your mind set on investing in a stock as unpredictable as SCRC.

Pan Global Corp (OTCMKTS:PGLO) is another stock with a halted upward run, as it fell 33% yesterday. Today’s session isn’t looking any better either, as by now it has lost a further 38% and has obliterated the gain it made in the past 2 weeks of trading.

TheDirectory.com, Inc. (OTCMKTS:SEEK)’s 4 day run in the green also came to an abrupt stop yesterday and the stock is still sliding down today.