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Technology Stocks : Identix (IDNX)
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To: R. Jaynes who wrote (15188)10/15/1999 8:57:00 AM
From: Ron Ohio  Read Replies (1) of 26039
 
The S&P futures our down 30 points at 8:30am. It is going to be ugly today. With the advance/decline line on an elevator fall over the past few months, with the new highs at 30 and new lows at 300+, we are not only going down -- we are going to go down with a vengeance. It is the price we pay for bidding stocks up to absurd levels.
Of the top 50 stocks pushing the market, 25 don't even have earnings. Amazon not only has tremendous increase in sales each quarter but it loses more money at each quarter.
We are in the process of a real shake out. I hope IDX will not suffer as bad.
Ron
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