Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Hal who wrote (4863)	11/8/1997 10:01:00 AM
From: Elvis Jones	Read Replies (2) of 26039

The market seems to heavily discount Idx's potential in for government business. I don't think it's being counted, but I believe it will over the next year. Time to play with a TA toy, via AIQ. AIQ has a neat charting feature that only charts closing prices. For this TA report, Im using weekly closing prices. 12/27/96 Low - $7-1/2 .............. 02/14/97 High - $11-3/4 04/25/97 Low - $7-3/4 .............. 07/04/97 High - $11-5/8 08/15/97 Low - $8-7/8 .............. 09/26/97 High - $11-5/8 11/07/97 Close - $9-11/16 The lows are building, while the highs were equal. IMO this could become a new weekly closing low. A weekly close above $11-5/8 will be a very bullish signal. For the record, I'm considering adding to my IDX position at this level. Happily Long IDX, Duke

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