Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (4216)	10/17/1997 11:29:00 AM
From: Wendell Holmes	of 26039

Well, the stock is trading down to the ten dollar area, can't argue with that. However, at least 10k has traded at 1/4, the low so far. This stock is not being sold by shorts. It is not being sold by the specialist(they can't hit bids on down-ticks even with long stock). It is, therefore, legit (though weak ) holders of the stock who are selling. Maybe related to options that expire today, maybe related to other factors. Maybe it's a spurious correlation with the expiry. Maybe it's people who wrote covered calls and don't want to be long the stock after the calls expire. Who knows? I'm worried now about the earnings. We need real good numbers, and now there is confusion about the reporting date? J Saf posted that the company told him a precise date and time, and now there is rampant speculation about many different dates. What's the deal here?

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