Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: jaspert who wrote (3700)	10/6/1997 3:10:00 PM
From: Elvis Jones	of 26039

Haven't you heard of technical terms "volatiltiy" and "pullback to resistance"? 1) We had resistance at $10-7/8. Finally we popped over $12 and have pulled back to that resistance point on volume of 56,600 shares. This is not a big deal IMO. 2) Last I checked, IDX is not a Dow or S&P 500 component. A 10% price move either way is normal trading, again IMO. Why did I post this? I get tired of posts having expectations for where the stock will be by a specific date. A wise institution is going to prey upon the volatility to accumulate this outside of the news. Happily Long IDX, Duke

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