ALERT DATE & PRICE: 07/07/08 @ $.97 ALERT EMAIL:CLICK HERE CURRENT PRICE: $.62 CURRENT % ROI: -36%
COMPANY CONTACT INFO:
PATIENT ACCESS SOLUTIONS, INC.
245 Marcus Blvd.
Hauppauge, NY 11788 PHONE: (866) 280-1156 FAX: (631) 233-3739 EMAIL:
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WEB:www.pashealth.com
In my last email, I mentioned that we might have found a support level at $.45. Since that time, the stock has rebounded by 38% to close Friday's trading session at $.62.
For those of you who follow the trading tick by tick as we do, it seems as if the traders are out of the stock. It took almost three weeks to shake the trees completely, but it seems as though we might have reached that point. I don't want to jinx myself, but the volume is drying up and there are only about 5-10% of the trades hitting the bid.
Now we are at a time where we can relax a little bit and let the company do what the company is supposed to do: EXECUTE AND CLOSE CONTRACTS.
Everyone is very anxious to see what the results of the contract negotiations will be with one of the Home Healthcare Agencies and when this will actually happen. In my experience, depending on the size of the contract, I have seen the negotiations last months and I have also seen them last for only a few weeks. Either way, it should be pretty interesting to see what size order a major Home Healthcare Agency is willing to agree to.
Once and if this does happen, this will validate everything we have been saying about PASHealth. If they are able to close out these negotiations with a solid deal, then I believe the news will spread around the industry and the company could have a few more pilot programs going on with other larger agencies. The more pilot programs they have going on, the more it becomes a numbers game.
We want to see the momentum build and have a snowball effect like VMWARE (VMW) did in the virtualization space less than a year ago. Once one of the majors jumped on board, the rest followed suit.
To really see this company grow, it would also be nice to see a pilot program initiated with an organization outside of the Healthcare industry. That would really open up the possibilities for this company and their technology.
So where do we go from here?
As you can see by the chart to the right, we bounced off the $.45 support level and now we could be sitting atop another short-term support level around $.60.
I don't believe the stock will move higher from here without any significant news. The only way I could see it move north, is if there was a short position in the stock and they needed to buy back in. I don't believe there is a short position, so I wouldn't bet on that.
It will now be just a waiting game to see what Mr. Weitzberg and his team can do in the next few quarters.
ALFONSE
StockwireAdmin
We want to see the momentum build and have a snowball effect like VMWARE (