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Technology Stocks : Identix (IDNX)
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To: marvin smith who wrote (7494)4/2/1998 11:41:00 AM
From: Brian Malloy  Read Replies (1) of 26039
 
"Shake out the weak hands"

The great strength for IDX over the years has been that individual investors bought the stock and just forgot about. Many people have been in for several years having bought when IDX was trading in the $1 to $3 range.

It just may be that some of the long termers may be getting fed up and moving on to other stocks that provide a better return. Unfortunately, while IDX has a great franchise, and there is a lot of potential, the company seems to have a problem getting this realized on its bottom line.

I think $6 is a major danger area. At least we seem to be staying above that.
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