Premier Health of America Inc V.PHA

Today's price action very predictable

[colourama]

I am not really surprised at the sell off, now down to 41 cents, given the overall market conditions, but it is encouraging to see a very strong bid of 200,000 shares at 40 cents.

Readying my next purchase (although nowhere near the quantity of that bid) and happy to take shares from those selling.

[colourama]

I should add, PHA operates in a somewhat recession-proof business area - medical services/staffing is not something that is needed less of because of a downtown in the economy. We surely must be close to bottom, but of course I would be foolish to pretend that I know better than anyone else. But at a marketcap of $22.89m as of today's close, the disconnect to even pretty conservative

[colourama]

38 cents anyone? Now at a marketcap of $21.5m. The punishment of the stock price is strangely unforgiving, even relative to the overall market conditions.