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Technology Stocks : Identix (IDNX)
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To: brad greene who wrote (5651)12/9/1997 11:35:00 AM
From: Rob C.  Read Replies (2) of 26039
 
Brad,

Short covering would make the stock run....IMO IDX will trickle lower on low volume days. The shorts are the reason we can't break 12. The specialist can also dump his inventory on these bursts in the stock price. When the buying interest slows, he lowers the bid and collects more stock and dumps it into the next rally. That is why he probably dirves a Benz and I drive a Grand Cherokee...lol

I still feel that 15 by March or April is a lay-up.

Good luck,

Rob
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