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Technology Stocks : Identix (IDNX)
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To: Hilow who wrote (9669)7/29/1998 1:28:00 PM
From: David   of 26039
 
Step back for a minute . . . the stock jumped from about $6 to $8 only a short while ago, and since then has stuck around $8. That's not too bad, short-term. The company met earnings and the stock has stayed where it is, which means the market anticipated this result. Not unreasonable.

The stock will move up on good news. We are expecting good news. Nothing happens all at once. If IDX returns to $10 over the next month or two, that is a pretty good recovery. Then we wait for next quarter earnings, and those could be pretty good.
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