Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (4281)	10/20/1997 10:50:00 AM
From: RMP	of 26039

Picked up Nov 12 calls. I am not normally an options buyer but I see a few compelling reasons to take a shot at the IDX calls for the following reasons: 1. Long time with no news and expect any news to be positive 2. Hoping for positive surprise on earnings 3. Not paying a lot for the time portion of the option MarketEdge second opinion shows the following technical analysis of IDX. Moving Average Convergence/Devergence (MACD) indicates a BULLISH TREND Chart pattern indicates a POSSIBLE TREND REVERSAL Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under ACCUMULATION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is rising which is BULLISH PRICE IS UNDER SUPPORT OF 10.55 WHICH IS BEARISH WATCH FOR RESISTANCE AT 10.94 RECOMMENDATION CAUTION STOCK IS MOVING AGAINST OPINION

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