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Technology Stocks : Identix (IDNX)
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To: Ron Ohio who wrote (25582)3/12/2004 7:52:52 AM
From: biometricgngboy   of 26039
 
"Nice move by IDX today. But wait till the analysts ramp up their predictions and this market correction turns around.

My figures indicate that we are near the bottom of this correction."

I'm with you on the likelihood (good) that IDNX analysts will issue increased rev/earnings forecasts based on yesterday's BPA news -- barring some countervailing Sisyphusean negative news from the company. But how do you know the market is at the bottom? What figures are you referring to? Do you know where oil prices are going? Interest rates? What the jobless report will be this Summer? Whether real estate is about to crash? Will there be another major 9/11-like terrorist strike, and if so, will it occur in a major US city? Personally, I don't think the market has to turn around, although it certainly could, certainly might. But it could also go lower. A lot lower. I don't know.
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