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Technology Stocks : Identix (IDNX)

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To: Buck who wrote (3970)10/13/1997 12:20:00 AM
From: brad greene   of 26039
 
Might be a bit more, Buck.

For the run you speak of....it will take a bit more than anything Peter Cardillo might say. We are beyond words...It will take strength.

I think a strong Sylvan announcement this week or some other news that might make some heads turn our way...is the ticket.......Or perhaps a bigboy on the street may figure out that the INS is going to buy a crudload of IDX machines really fast.

You know there may be close to 900,000 shares of IDX in short position at the moment. The way I figure it....that is about 10% of the real free floating shares......and at least 10 days to cover. I wonder sometimes if the folks who have shorted these shares are aware of alot of the things that we are. Do they know that Kessler's glass is now full? Do they know about the $16 million and the $23 million already budgeted for biometric fingerprinting equipment? How could they not?.....Are they just reading Zacks?

Identix is at the point at which it could begin thowing out a series of announcements......each taking it's toll on those who don't believe that IDX is a different kind of biometric company. I believe that earnings are important.....but if IDX earns 3 cents or 7 cents....the difference is only a couple of million in sales. I would love to see the sales growth show up in high double digits for product sales.

Last night I made up a list of all of the stuff that we think could be coming our way......I was going to post it.....but thought better of it. Lordy......there were more than 15 things on the list....and about 6 of them were 5 point stock movers.

I think we are following the right stock, Buck.......We may have underperformed the market...and can't seem to shake the shorts....but I believe that could change quickly.....and have some stogies ready for this week.....I hope that I get to smoke at least two......and that one is out of one of them glass tubes?

bg
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