Premier Health of America Inc V.PHA

Price decay again...

[colourama]

I suppose a fairly predictable price decline again. It seems to be a pattern for PHA to have a one day pop followed by multi-month decline (see the stock behaviour in late December, late February, and early April, following quarterly announcements and acquisition).

Lets see if we can break out of this pattern and at least establish a base!

[profitprophet1]

I can't say I'm all that disappointed. I was able to buy a few more today. I really shouldn't as I've already got a full position, but I decided that in the low 40s resistance was futile. I'll be okay with a run now as I'm out of cash.

[MrBeast]

I am tempted to buy as well but already have more then a full position. Earnings out in just over a months time which will have some of the accusition revenue on it....cross our fingers maybe we will see a slight margin increase, I think that would really wake the market up. Tons of bang for your buck here at this SP

[Stonksonlyup90]

Selling velocity appears to be lessening - could be nearing the bottom

[colourama]

I added a small amount today as well. Although the price is almost back to where we were before the pop to 58 cents, the sell volume (at least on the tsx-v exchange) from 58 cents to 39 cents is cumulatively about 130k versus the 219k volume we saw in that jump from 35 cents to 58 cents, so the sell volume is fairly minimal. It would be nice to see it bounce back and stabilize in the mid 40'