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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (16642)2/3/2000 3:57:00 PM
From: David  Read Replies (3) of 26039
 
More evidence of gasoline lying around:

biz.yahoo.com

Mytec is up 66% so far today on the announcement that it is working with Smith & Wesson on a biometric smart gun. That certainly can lead to revenues, and is good news for Mytec, but the action in the stock today is overdone, in my opinion. The PR doesn't indicate the technology is ready for prime time -- in fact, most indications are the technology is a year or two away from production -- and this is no more than a niche product.

If IDX can pop anything big in this market environment, it will go way up. IDX has to pop something bigger than other companies for a similar runup in price, since it has a bigger float.
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