Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Steve Felix who wrote (15832)	11/21/1999 7:48:00 AM
From: Ron Ohio	Read Replies (1) of 26039

After seeing the short interest drop from about 1.5 mil to .9 mil, you would have to say that the rally we saw this past few weeks was do in large part by shorts covering their positions. They saw what was happening and started to get out on the first up wave of the stock. Obviously, the Comdex show had to move many more people into believing Identix had some strong potential in the security markets. The shorts by their actions in covering their positions are admitting that Identix does have the goods and horses to move the stock up. IDX could be hit in a down market but the long-term prognosis has to be very bullish. I would doubt that shorts would come back in such large numbers as we've just seen. As a long - long term investor, I've always had to endure the traders, the shorters in many stocks that I've owned. But if the product, management and demand are there, long term investing will prevail. You have to be impressed with the outstanding job Randy and his team has done in one year. They have changed the direction of the company and have already landed some super partners. Ron

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