SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?


To: DCBEN who wrote (19772)1/26/2001 11:35:36 PM
From: brad greene  Respond to of 26039
 
FOG

DCBEN,

This is a good thing. The volume on IDX has gone up. Traders are active in this stock.....and some of the day guys must be out by the close. That's what they do. But they moved IDX back up today....and quick.

Traders are the folks who move the stock, DCBEN....and as long as the conditions are right....and the market....and the information flows from the company....traders are more than happy to trade the stock higher and higher.

I think they do watch the little 200 share buys....like the one I made this morning for my wife.....they like to see what John Q. Public is thinking.

Although we may not like the trading swings....traders are needed to get the volume going....and get the stock moving.

I remember when 20k was a good volume day. Lots has changed in just a few years. 3 years from now....will IDX be trading 2 or 3 million shares per day?......I hope so. Lots of institutions will not look at stocks that trade less than 200k or 300k per day. They need to buy and sell big blocks.

The more volume IDX has...the more their potential buyer base expands.

And if IDX is trading 3 million shares per day.....I think we will have had at least a couple of splits.......120 million shares outstanding?

The fact that the FOG is not feeling as if IDX needs to close at the ask price....is a good omen....for now.

Sow me 250k average volume....and I will show you $16.00 per share.

Just my opinion.

bg

ps. I started making money again in the stock market on almost the same day Gore gave up.......Interesting. Congratulations on becoming a Republican. I know you will want to join me in writing a nice check to the Green Party for their 2002 efforts. <g>