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Technology Stocks : Identix (IDNX)

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To: Miguel M. de la O who wrote (8343)5/14/1998 11:19:00 PM
From: Caroline and Daughters  Read Replies (1) of 26039
 
I,too, am worried that something else,probably negative, may be going on. When Ascom decided to sell,that action made me very uneasy. Those guys had held the shares for eons. They are in the business of making money so when they sold at such low levels they gave me the indication that either they expect lower prices, or the stock will remain low for the foreseable future. Neither is a pleasant thought.
Press releases don't mean diddly to the price of stocks. We used own stock in a company called calgene and they had tremendous releases but the stock never moved. Real sales and incoming cash are what counts.
While the Cairo bank deal may be small, bankers talk to each other and when they see that the IDX method is cutting losses in Cairo can Damscus, Riad, Baghdad. Beirut,and the rest of the arab countries be too far behind. If there is anything arabs hate it is being defrauded. I should know I am married to one.
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