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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (42273)2/1/2002 1:22:03 PM
From: John Sikora  Respond to of 208838
 
Nice move Fred,

I tried to bop it after that run but never got filled @24.90...



To: Frederick Langford who wrote (42273)2/2/2002 10:37:28 AM
From: TraderXx  Respond to of 208838
 
HI Fred..I still am of the belief that IDNX has huge potential considering the security concerns we have in this country. Biometrics will only get more and more attention when companies and governments realize the validation of such technology and how it can make our lives safer. I also think its only a matter of time before we hear more and more contracts and press from INDX.

From a TA point of view, it seems we could have a bear flag forming on the daily (hope not), but we'll see in the coming days. If it can at least hold here and trade in a channel until the break above maybe 10.75, then we'll be ok. Otherwise, depending on the market moves, we'll have to watch support at around the 9.40 area. The one thing about IDNX's stock though is that if we see any positive news from them (which I feel we will soon) then it could nullify any TA perspective at this point. So guess we'll just have to see.

In any case, would like to get your perspective or anybody others'.

Thanks

TraderXx