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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (13067)4/16/1999 4:34:00 PM
From: David  Read Replies (2) of 26039
 
Rob, what makes you think the stock is dropping into the 6's next week (i.e., at least 28% down from this close)? Institutions will start selling instead of buying? IDX announces bad IDT news after the merger? The upcoming CTST depresses demand for biometric stocks? The four o'clock guy turns into a seller after the bell?

No, we have a shift in sentiment in this stock now. And it is not going to change overnight. We won't see $15 next week, but our chances at a momentary $10 are better than a drop below $7.

At least you have made a good profit on this stock while you were in it. But trader's profits -- the little stuff.
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