To: Quasar who wrote (130 ) 5/13/1998 11:11:00 AM From: Richard Read Replies (1) | Respond to of 680
Hi Quasar, Yesterday at the beginning of the day had a bid of .026 and a ask of .030 cents per share. What more than likely happen is one or several people got out of EPEA,for this is a stock that really tests your patience. It started out with a small amount of shares going at the ask of .030[I'm thinking it was 50-60,000 and then another larger block sold at the total that the .026 bid price wanted,and after that when someone sells at market price,under the opening bid of .026 cents,are people with declining bids that can be out there right now all the way down to .0001 cents per share! The last trade of the day was at the ask of .025. The volume in the last 7 weeks has continued to decline from over 1,750,000 shares average per day,to down to between 1,200,000-1,300,000 shares a day,for if you you have a portfolio of your stocks with Silicon Investor and EPEA is one of them,by clicking on EPEA,at the bottom of the page will show the last 5 days trading,and the low was onMonday at only 5,000 shares at .030 is only $150. + commissions for the whole day! Also you will see the average on except yesterday of 2-300,000 shares per day. Even yesterday was a very small day as to the likes of about 2 1/2 months ago where days were running like 5 to over 10 million shares par day ,one day after another,and as I remember in Dec.-96,one day was over 30,000,000 shares changing hands. It can be a very long period of time for anyone to take a major position in EPEA , unless they buy in a short period of time,which will move the share price up if they take that route. Who can say for sure, if there is plenty of time or if the clock is now ticking down to the last seconds. EPEA Believer*Richard