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Technology Stocks : Identix (IDNX)

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To: David who wrote (15776)11/17/1999 12:22:00 PM
From: brad greene  Read Replies (3) of 26039
 
Reading The Stuff

IDX will continue to go up......pull the chart. Traders have exited....and IDX is holding above $9.50.....close to $10.00.

The shorts are screwed....IDX will form a new base around $10.00......and the shorts will need to move......or face riding their position up. Even shorts can see 6 months ahead.

Reading through all of the stuff IDX has going.......The shorts must be thinking that they will never see $7.00 again....or $8.00...for that matter.

I doubt they will see $9.00 again....and they are still fully invested.

So why be short?.........The downside is going away. He he. This is not over......IMO.

Never go home early on a Friday.

bg
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