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Technology Stocks : Identix (IDNX)

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To: David who wrote (12737)3/16/1999 10:48:00 AM
From: brad greene  Read Replies (1) of 26039
 
Good Morning David,

Some fun facts.......

As of Feb.8.....Zachs is showing shares in short position of 925k......and a float of 13 million shares. Could be a million shares short by now?

Estimates for the quarter ending March 30....are 2 cents. I believe 2 analyst are taking a guess....one saying 3 cents....one saying 1 cent.

Skuza is estimating a penny...as always, but I doubt that he is one of the analysts. Skuza does beat the analysts time and time again, however.

Anyhow, based on the last 3 quarters.....IDX needs to loose 1 cent in order to get the PE to N/A.......All things considered.....might not be too bad.....or they could surprise with 4 cents and get the PE down to the 200 level......which I doubt will happen.....This is IDX.

IDX has now gone from $10.00 to $5.75 in about 10 weeks.......or down 42%.......while the market has done rather well.

IDX is now 75 cents from the low that took place last Fall when the market took the nasty plunge.

The next report of short interest should be interesting...I'm looking for the number to be higher than 925k.......as I have seen little buying pressure that would indicate covering.

Is the short number out today?.......Anybody?.......Looking for a bullish sign.....can anyone help?

bg
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