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Microcap & Penny Stocks : EVDS Environmental Digital Services, Inc.

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To: ColleenB who wrote (222)10/19/1998 8:49:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 718
 
The bid and the ask are moving closer together on EVDS. I was surprised at the selling in the AM today but the stock did close up and the spread is now very tight. Where is the next move from here? Higher I think because the higher bid should force the spread to the upside. Check out the bid at 21/32's and the ask at 23/32's:

quote.yahoo.com

Also check out the chart. Notice the green spikes in volume. We now have four days of accumulation in a row. That has never happened with EVDS. Although the stock is still treading water, the fact that the bid moving is moving higher and the spread tightening indicates we could be poised for an upside move. Here is the chart:

dailystocks.net

Regards, Jeff
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