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Technology Stocks : Identix (IDNX)
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To: Buck who wrote (5622)12/8/1997 8:45:00 PM
From: Buck   of 26039
 
I figure the web is entirely too quiet for the kind of movements we are getting so let's get a little group analyization going!

I have been studying the chart and this is what I have concluded.

1. In the next few days. the stock is going to run to 13 1/2 to 14 on no news at all and very soon and break last years high!

2. Shortly thereafter, only after the announcement of a big deal, (INS)(Sylvan)(Other) at 24 million or better, we are going to spike at 16 to 16 1/2 for one day, maybe intra-day, then have a slow 5 day ride down to around 13 again. 13 will not hold because of the high P.E. and we will fluctuate between 13 and 10 until earnings justify better at which time a new cycle will begin.

I look forward to any analyst, professional or otherwise to help me define the above and either point out the fallacies or fine tune the perimeters.
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