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


To: brad greene who wrote (16269)1/8/2000 1:26:00 PM
From: Rob C.  Read Replies (1) | Respond to of 26039
 
Brad,

>>>>>Hard to say, Rob.....but the Boys do say that $9.00 is looking like a darned good base right here...while $7 and $8 are history....

Maybe but I don't think so.

And the day the Ascom shares get placed......it is several points up......depending upon who picks them up. Work has begun on getting them placed.....I'm fairly sure of that.

I think you should be more specific if you make these types of comments, if not you should'nt reference, people might get the wrong impression. Ascom is not the enemy, they are responsible for company being in business right now.

Here is my analysis. IDX looks like it has built a decent support level in the 8 1/2 range. Look at the chart below. The MACD and RSI are in rally mode, but the Williams is topping, once this breaks positive we should see the 11 range, if it doesn't, IDX will surely trade back to 7 1/2(this may happen when earnings are released). FWIW this is when I will back up the truck, I only bought 10% of my position right now(2,000 shares). The problem is that IDX needs to show up, by this I mean MOT and other contracts that will lead to positive earnings.

If any of the threadsters want my more consistent input here just let me know, I feel this is David and Brad's thread and I don't want to cause any problems since I am not a cheerleader as much as I used to be. Making money is my goal (being right seemed to more important to me before, I know it was stupid, ego investing is a big problem) and being more focused on the technicals instead of the hype has made a huge difference to me.

askresearch.com

Have a great weekend,

Rob