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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (15613)	11/9/1999 8:42:00 PM
From: brad greene	Read Replies (1) \| Respond to of 26039

Steve, I'll bet you all of next year's dues that Ascom has done nothing for the last week. And won't do anything this week. The selling at the close Friday and yesterday were traders who popped the stock. I know one of them. They pop the stock early....get it running..and are out at the end of the day for a nice profit. There was a lot of good solid long buying....but there were momentum players also. They were around yesterday also. But not today! The reason Ascom will keep quiet for a while is several fold. First....There are several million share days coming....and I think their guidance is quite good. They have sold about what the institutions have bought over the last 6 weeks......with the difference (accounting for the stock drop) being almost 600k of stock shorted over the same period of time. The short number is public information. So.....While Ascom has been selling.....Institutions were buying....and shorters were pouncing. Now.....we are moving into a very strong time for IDX......COMDEX has always been a strong time......and IDX will be better represented this year than any year. I see a continuation of institutional buying.....the press and exposure of COMDEX bringing John Q Public in......and still a 600k bulge in the short position. I don't see Ascom involved until a higher level. I think it lays out pretty well, Steve......I saw no selling today at the close....or any big selling at all.......IDX did very well today, market wise. I think I now know where the buying will be coming from....and I don't think you will see Ascom for a while........Shorters will continue to short? Boy, risky at this point. The last 600k short is not a solid long term position..IMO.....they were looking for a big hit on earnings day.....and did not get it......while they shorted at about $ 9.25.....on Fowler TV day. Not a bad plan....but they are hanging out there still. The latest short position (600k).....at a bid of $9.25......goes from the black to the red. The Boys in the Montana Cabin think that at any price above $9.50.....a large short position gets uncomfortable......and at any price above $10.50......it gets covered....or someone is out of a job......Perhaps both. Should be exciting to see where we go, Steve. IDX could help just about any time now.....(hope they are reading this) We have all been here a few times.....IDX is up from a double bottom of $7.00.....Heading into an exciting time.....I would not wish to be short at this time....as IDX could double on sheer exposure. CNN could go live from the Riviera ballroom, you know.....lots of whiz-bang products will be displayed there......007 stuff. bg