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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (288)3/6/1997 10:04:00 AM
From: brad greene   of 26039
 
Rob,

Technical stuff:

You mentioned that you thought that the specialist might try to keep IDX near 10 so that the March 10 calls would expire worthless, and that if IDX was on the NASDAQ that it would be trading at about 15.

Can you go over how this works, Specialist makes money? As a guy who is long IDX.....and I am ....very.....what do I want to see....Do I want to see the stock up so that the 10s are called from the owners of the options? I guess I'm asking for the basic "How a specialist can dick with a stock, 101....." What happens if a meaningful announcement pops up? Give us the "naked" truth and we will "cover" you with thanks....
I think others might be curious also.......

Louis Rukommissioner

bg

PS._The kicker for the Commission has always been the fact that no Oracle or Mega-Contracts have been figured in........were searching for the big upward revision! Hell......looking for coverage by the forward thinking boys on Wall Street........
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