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Technology Stocks : Identix (IDNX)

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To: Buck who wrote (7035)3/7/1998 8:50:00 AM
From: Elvis Jones  Read Replies (1) of 26039
 
You know I liked it.

Think about the psychology going on here the past several months. We pass $11 and we're dancing, dreaming of Cabo, and smoking cigars. $14-20 is just days away. At $8-3/4, we're crying in our beers that we've had a technical breakdown. $7 is a heartbest away. We can't afford cigars. Soon we'll be doing dishes in Cabo.

I include myself in that we, not throwing this on everyone else. But two facts remain in battle - IDX has great technology and has a leg up on the "grail" in biometrics and we haven't seen the blowout earnings we hoped for when we bought into the stock.

Where do we go from here? Let's hope AIQ is right on this daily "expert" analysis...

Analysis of the rate of change of the exponentially smoothed average price suggests the start of an uptrend for this equity. The rate of change is positive and continuing to climb which indicates increasing strength. This is a bullish indicator for a continuation in this market.

The 21 day stochastic has crossed the 20% line and is increasing accompanied by increasing volume accumulation. This is a strong bullish indication that a price reversal to the upside is now taking place. This type signal is often followed by further upward price movements.


Happily Long IDX,
Duke

ps. Rob, you can make money selling puts too, you know.

ps2. Anyone else notice the new quotes section at the bottom of our posts?
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