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Technology Stocks : Identix (IDNX)

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To: jaspert who wrote (3697)	10/6/1997 2:36:00 PM
From: brad greene	of 26039

jaspert, I believe there will bad news that we were not expecting....and good news we were not expecting. That is the way things go. I think there is alot more good news coming than bad...so I'm not backing away from the stock at all.......If others are.....I can see why, and wish them well selling, buying, or holding......IDX is not for those seeking rest and relaxation......News is a funny thing........ For example...believe it or not....The market seemed to view the $ 2.8 million INS contract as bad news....because the contract was not for $ 26 million......I understand the situation, so I was very happy. I think the INS will order much more in the months ahead......Do I wish the contract was for $ 26 million? Sure!......I wish it was for $126 million........And that NEC was going buy 10% of IDX for $35.00 per share......and that my turtle could dial 911 if my house caught fire. But there is alot more going on......No word on Sylvan is a downer for us here and everyone else.......I'm not too worried about it, because I think the delay in getting the word out may be related to additional contracts that would make the project more impressive....Given the choice...I would rather have a monster delayed announcement than one that was foggy or speculative. Earnings are going to be a worry........IDX has never done very well at meeting estimates......Will they this time? I think so.......The market has no reason to agree with me. I believe stocks tend to go up if companies beat estimates......So the market not believing that an earnings surprise is on the way....may be a a good thing. So I guess you must decide what is bad news and what is good news.......Things are seldom as bad as you may think....and often never as good as you think. Perhaps it is somewhere in the middle where you will find real value.....Again, I know that the founding members of the Commission are long IDX and will stay long......Until the story changes......Perhaps we will have our day. bg

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