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Technology Stocks : Identix (IDNX)
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To: Night Writer who wrote (5662)12/9/1997 10:43:00 PM
From: Buck  Read Replies (1) of 26039
 
I think 13 is a given within just a few days. The move to 16 or better will require a contract with numbers. I also believe we will get this. I wouldn't even put the stock up at 15 3/4 /16 except that I feel the P.E. will have to catch up with the stock before it could get much higher and that may take a month.
If you see the volume shoot to 500,000 by noon on any given day soon, the stock will be at or above 16 by the end of that day. Looking at the chart, it has been 10 months since the last spike and we are due. The reason that the Oracle spike did not hold is more than evident now as we look back. I believe the next spike will be justified on actual orders. If I held IDX in a vacuum, I would not sell at all. Unfortunately we will be swayed by the general market. This is my opinion and I would welcome anyone that has either a better plan or information that could change mine.
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