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

To: Night Writer who wrote (4436)	10/27/1997 9:09:00 AM
From: Hockeyfan	Read Replies (1) \| Respond to of 26039

Quick Comments - I don't see IDX below $10 again unless we have a stock split. Identix does not move in concert with the general market and is only mildly correlated with the other tech stocks. Recent Pacific Rim turmoil may slow sales in that region that are currently in progress, but I believe that those sales represent less than 5% of total. I look for good earnings tomorrow and an enthusiastic annual meeting on Thursday when we will hear about growing sales in ALL of Identix's markets. Sylvan news will likely be out next week? IDX options have extremely high implied volatilty - somewhere between 70% to 90%. The S&P 500 volatility is 16 to 20%. This means that IDX options are VERY expensive. When volatilty is rich (expensive) you should sell it. This means to make consistent, but not greedy money on IDX's rise you should sell options and not buy them. No year-end tax loss selling in IDX this year! We should see a happy Halloween. P.S. I just cheated and looked at Robert's message. I hope he is right and we do see the $9's before Thursday since I am recently in a better position to take advantage of the buying opportunity. I will stick with my feeling that we won't see the $9's again.