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Technology Stocks : Identix (IDNX)
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To: J L Segal who wrote (13073)4/17/1999 7:58:00 PM
From: brad greene  Read Replies (2) of 26039
 
JL,

David knows better than that......He is very high up in the Commission....although he too, has yet to pay his dues. In fact, in light of the number of dues paying members, the Commission would appear to have a membership of zero. Can't be too premature....I'm sure they will roll in next week. Anyhow, I think David knows why IDX is moving like this....as do many others.

I also believe that market forces are helping IDX.....When money looks for rapid growth in emerging technology....biometrics gets mentioned.....and IDX is really the only logical play.

We will need to check the next institutional holdings report.......I doubt the shorts have been smart enough to cover yet.....I think it will take a bigger breakout.......moving through $10 perhaps.

Runs like this do tend to bring out the bitter in some folks. The Commission was saying to load the boat under $6.00.....and those who did not, but wish they had, would like to see a backup. Hockeyfan is a good example. Poor guy, he feels his boat is not fully loaded....and he looses his "Yo Rapper" trading card offer in one week.

Don't be surprised if we begin hearing of a restructuring of IDX after the IDT vote.......moving IDX out of law enforcement/government services and refocusing on Bio-ID.....I think the time has almost come.......Steve mentions that IDX has been working with a facial recognition company....Hmmmm.

I think either IDX does it....or someone else will come along and do it for them....if you know what I mean.

Check out a few posts going back several months on Yahoo....posted under the handle "Meredith". Interesting speculation.....and easy to see the logic.

bg

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