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Technology Stocks : Identix (IDNX)

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To: Ron Ohio who wrote (13111)4/20/1999 10:20:00 AM
From: brad greene  Read Replies (2) of 26039
 
Ron,

I was watching the trading on IDX yesterday.....

Until the market fell off the cliff, IDX was trading in the high 8s.....and the volume was over 200k.

When the "event" took place......of course the buying stopped. Through the rest of the trading session, there was only about 30 to 40k shares traded....mostly sells, and the price backed up about a buck.

The larger players have yet to get involved today......so I can't guess what may happen....My point is that the back-up yesterday was not on huge volume and does not indicate a reversal in opinion...IMO....but rather a reaction to a scary event that hit the greater markets yesterday.

bg
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