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Technology Stocks : Full Disclosure Trading
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To: The Ox who wrote (8699)4/7/2004 3:45:36 PM
From: Sam Citron  Read Replies (1) of 13403
 
OT Michael

RE IDNX

I have to say I don't know IDNX well and don't have firm target in mind. Based on the huge spike in volume recently, I would say that 15 is possible. I think they have delivered a lot of onesey twoosey orders recently as the systems are field tested. Once large scale deliveries begin, it could be quite a bit higher. Some security deadlines are looming this autumn, I believe, for fingerprinting and photographing most incoming foreign passengers and a speedy system will be necessary to ensure smooth traffic processing. There will be the opportunity for good cost cutting and performance improvements as volume improves. I mainly just needed to round out my portfolio to include a "homeland security" play to reflect the tumultuous times we live in. Following GE's purchase of Invision, a takeover by a larger firm like Allied Signal is also a strong possibility.

Sam
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