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Technology Stocks : Identix (IDNX)
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To: brad greene who wrote (4810)11/6/1997 12:29:00 AM
From: Elvis Jones  Read Replies (2) of 26039
 
You found me out. It's my wife money. ROTFLMAO!

Thanks. I needed that. It's been a tough week for family/work matters. The price of IDX or who's shorting it is not a concern. There may be shorts because of the PE or the fact it's about 40% from last years high or the fact others in the industry are hurting. But so what, we know better.

Sales are growing. Earnings are growing. The story is growing.

It's time to test $12 again. If we break that, we should see shorts start to cover.

Happily Long IDX,
Duke

ps. At this level, we're still closing above the 200-day moving average, which is rising. Shorting a rising 200D-MA is like spitting in the wind IMO.
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