Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (5652)	12/10/1997 10:17:00 AM
From: ed doell	Read Replies (1) of 26039

>>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.<< ******************************* Rob, So far so good on your scenario and analysis. If it all happens the way you say it will, the thread should, imho, fall to its knees and toward your general direction repeat (in unison, loudly and enthusiastically) until fatigued, "We are not worthy," etc etc! After which cigars and tequilla are in order but not necessarily in that order! Remarkable how some stocks behave. Ed

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