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

To: brad greene who wrote (5344)	11/26/1997 2:04:00 PM
From: David	Respond to of 26039

SACM: Here today, gone in 1999 . . . Here's their quarterly report. They are burning cash at the rate of $2.8 million a year, and have just over $4 million of investor's money to blow. They have no significant sales and, based on my personal experience with their equipment, no chance of any real sales. biz.yahoo.com By the way, they had to fire their COO and another executive. The COO got a $250,000 buyout. Stock is down to 11 from a high of 15. Better question: How'd it get so high in the first place? Let's recap: FINX out of cash, NRID now a penny stock, DBII and Printrak losing money, SACM essentially a shell . . . and IDX with two new analysts recommending BUY this week . . . and the INS bill finally getting put into law. Yeah, I guess I'd sell calls on this one or short it -- considering its PE.