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Technology Stocks : Identix (IDNX)
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To: steve who wrote (4887)11/9/1997 9:09:00 PM
From: jerald morse  Read Replies (2) of 26039
 
<< Personally, I wouldn't be surprised to see IDX going sideways for a
number of months, or even a bit lower if the stock market drops.
However, it's better to buy this kind of stock a little too early than a little too late.>> Not really - if Brad is right and the stock is going to 100 or rather 200 the news that might start the uptrend could pop the stock for 5 or 6 points. So what? The stock is a better buy at 21.5 than it is here. You will still make 900% on your money and you will have the validity of the market working with you rather than against you. I've owned IDX for years - there's more risk in the stock price today than there was three years ago even though the business is getting better. If business in Asia begins to slow now as many expect (due to the currency situation, etc.) what is going to happen to Fingerscan sales in that region? Or in Latin America? This could affect IDX revenues in a negative way - I hope not but it's a real concern.
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