Pacific Health Care Organization Inc. (PFHO)

[budge]

bounce play. anytime something that runs hard gets toppy, there is an inevitable bit of profit taking. sometimes this starts more selling which causes more selling. with such a thinly traded stock as pfho, we see terrific volatility. it can quite easily dip into the last consolidation range.

I set my first bid at the previous high and scale down to the bottom of the previous consolidation range. that's 50 down to 40. right now it looks like that would be fairly low risk.

what comes down hard and fast generally bounces up fast. if my bids get filled, I sell most or all on the bounce.