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[sharechat] BPC

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Wed, 6 Feb 2002 18:50:12 -0800 (PST)

Andrew,
       Some further observations on BPC, particularly with regard to market 
depth :- (All figures approximate, as per snapshot below)
 There is a very large total Bid/Offer imbalance. Buyers are wanting over 7 
million shares, with less than a million on offer - a ratio of over 7:1.
 The average Buyer is wanting 37,000 shares ($23,000), the average seller has 
18,000 ($11,000). The punters wanting In are much bigger than the punters 
wanting Out.
 The volume (at only halfway through the trading day) is more than double the 
average daily total.
 60 cents was a well established resistance level. Breaking it would be a 
significant event. Screen-shot, and chart below.
 
                Phaedrus.



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