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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (19708)	1/17/2001 2:10:27 AM
From: brad greene	Read Replies (2) of 26039

Mistake Happened Early Rob, My broker called me about 5 minutes after the market opened...it didn't fool him ...IDX did get over $10.50 on some good trading early...but the volume was like 50,000 shares by noon. Looked like the last 4 or 5 days...IMO. I have a feeling that the breakout above $10.50 to $10.80 was the big thing......and that the 50k buy at the close was meant for IDX...not another company. Same goes for the 6,500 share blocks I watched go by every 40 minutes or so. I think when it became clear in the last half hour...that IDX was going to close near $11.20......the dam broke.....maybe some short covering....maybe some chart readers getting a "buy" signal. Motorola paid $16.00 per share....and I think we do have some Motorola OEM news to look forward to....so I think this continues for a while. Heck....you and I and the shorts can read a chart....$10.50 was the fly away point....and I think the air is thin back to $15.80. That's what the Boys in the Montana say....and they are never wrong.......it just sometimes takes a long time for them to be right. You did not see a technical breakout today?...or the last 5 days of gains that lead up to it? I think you did. <g> Good luck. bg

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