Premier Health of America Inc T.PSN

Stock trying to create a hammer.

[PUNJABI]

Tech talk.

Some of the bulls are fighting back shows some indication of bottoming process on day when the there is across of the board sell-off. Stock bounced off a intra day all time low of $2.74 to $2.99 greean

The day trading is not done not sure if the stock will succeed in creating a hammer as there could be a final wave of index forced selling that may come at the end of the trading day.

Most of the selling is done, you may have little bit of more forced selling left it would be mostly over by todays close what ever is left would be done at the open or the monday morning.

The final sell-off will most likely exhaust most of the sellers we would have some kind of capitulation.

This stock has been oversold for while. Oversold bounce or call it dead cat bounce is due. This stock has a very small float. You could have a nice bounce too.

House Positions for C:PSN from 20121221 to 20121221

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	335,727	957,485	2.852	187,036	532,320	2.846	148,691	-425,165
15 UBS	141,200	403,450	2.857	1,150	3,420	2.974	140,050	-400,030
79 CIBC	338,000	964,895	2.855	211,820	613,002	2.894	126,180	-351,893
85 Scotia	122,527	347,299	2.834	34,490	99,913	2.897	88,037	-247,386
2 RBC	167,999	485,798	2.892	84,879	245,462	2.892	83,120	-240,336
73 Cormark	74,200	211,120	2.845	0			74,200	-211,120
9 BMO Nesbitt	122,910	350,347	2.85	56,141	161,351	2.874	66,769	-188,996
87 Beacon	60,100	172,840	2.876	0			60,100	-172,840
33 Canaccord	37,150	108,345	2.916	700	2,012	2.874	36,450	-106,333
74 GMP	20,000	55,600	2.78	500	1,435	2.87	19,500	-54,165
62 Haywood	16,300	47,224	2.897	3,000	8,850	2.95	13,300	-38,374
22 Fidelity	26,700	76,595	2.869	13,700	39,115	2.855	13,000	-37,480
89 Raymond James	18,175	51,900	2.856	6,704	19,140	2.855	11,471	-32,760
65 Goldman	11,000	31,032	2.821	0			11,000	-31,032
46 Macquarie	18,450	52,955	2.87	8,321	23,630	2.84	10,129	-29,325
39 Merrill Lynch	18,050	50,978	2.824	9,800	28,218	2.879	8,250	-22,760
36 Latimer	11,435	32,887	2.876	3,205	9,193	2.868	8,230	-23,694
77 Peters	7,700	21,868	2.84	1,200	3,324	2.77	6,500	-18,544
58 Qtrade	7,250	20,517	2.83	945	2,787	2.949	6,305	-17,730
53 Morgan Stanley	4,900	14,010	2.859	0			4,900	-14,010
101 Newedge	3,500	9,885	2.824	0			3,500	-9,885
69 Jordan	3,000	8,400	2.80	0			3,000	-8,400
70 Manulife	2,650	7,446	2.81	0			2,650	-7,446
27 Dundee	5,500	15,634	2.843	3,000	8,460	2.82	2,500	-7,174
124 Questrade	7,907	22,573	2.855	6,258	17,894	2.859	1,649	-4,679
81 HSBC	5,500	15,635	2.843	4,900	14,339	2.926	600	-1,296
75 MGI	2,300	6,670	2.90	2,000	5,720	2.86	300	-950
28 BBS	50	137	2.74	0			50	-137
90 Barclays	0			100	276	2.76	-100	276
67 Northern	0			300	858	2.86	-300	858
99 Jitney	4,100	11,573	2.823	4,700	13,312	2.832	-600	1,739
57 Interactive	112	323	2.884	1,650	4,933	2.99	-1,538	4,610
1 Anonymous	173,500	496,836	2.864	179,900	523,869	2.912	-6,400	27,033
59 PI	0			6,700	19,956	2.979	-6,700	19,956
83 Mackie	20,000	57,600	2.88	27,000	78,230	2.897	-7,000	20,630
44 Jones Gable	47,400	135,918	2.867	55,000	157,392	2.862	-7,600	21,474
19 Desjardins	6,081	16,769	2.758	24,732	71,690	2.899	-18,651	54,921
16 Paradigm	0			114,100	326,554	2.862	-114,100	326,554
80 National Bank	141,756	407,803	2.877	291,436	820,573	2.816	-149,680	412,770
13 Instinet	406,600	1,164,390	2.864	1,044,362	2,977,509	2.851	-637,762	1,813,119
TOTAL	2,389,729	6,834,737	2.86	2,389,729	6,834,737	2.86	0	0

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