Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (5592)	12/6/1997 10:32:00 PM
From: jerald morse	Read Replies (1) of 26039

Rob - I like your option strategy but you really need to be by a machine to have it work - not for the average person. IMO this is not the time for people to be selling Dec 10's. You're basically saying it's not worth much more than $10 now and this feels to me to be the wrong time to make that statement. I predict that all Dec 10's will be called - this stock is moving higher. Remember all those countless days when we traded 40,000 - 50,000 shares a day? Well guess who was buying 2,000 - 3,000 shares at a time, little by little - not enough to move the price. Slowly building positions. Can we say Saloman, H&Q etc. Now they're out of the closet and something is in the works that spells earnings, EARNINGS! I'm actually trying to decide whether to take profits on my Dec options orrrr exercise them myself for more shares. I can't believe I'm actually thinking of buying them myself! I believe the technicals and fundamentals are improving rapidly on IDX and that maybe, this time, "things will be different".

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