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Technology Stocks : Identix (IDNX)

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To: Steve Felix who wrote (99)2/18/1997 11:59:00 PM
From: Badger   of 26039
 
Steve-

I guess it is only natural to want to buy the low. I'm learning that there must be a balance between buying the low and missing out on a run. That is hard to do with any stock including IDX.

As to the stock again--I am refortifying myself as I go to purchase more shares. I am reading through some of the old literature IDX sent me about analyst comments. I read one from last September from Jeff Kessler of Lehman. He said that back then the stock was trading at 32 times 97 calendar estimates with a growth rate of 35%. It was trading at 10$. With all the good news we've had doesn't it seem that this stock trading at 11.5 is undervalued?

Just my opinion. Thanks for any response.
Badger
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