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

To: Rob C. who wrote (5563)	12/5/1997 11:44:00 AM
From: ed doell	Read Replies (1) \| Respond to of 26039

The price action today looks darned good so far. Thanks for your perspective on Dec and Jan 12.5s. To support your view, it's my understanding that the specialist talks with IDX on a daily basis and both inform each extensively from their separate perspectives. The options are all computed out anyway, and with only one options market in IDX, I don't think the specialist will be caught napping. Ed

To: Rob C. who wrote (5563)	12/5/1997 3:03:00 PM
From: marvin smith	Read Replies (1) \| Respond to of 26039

Robert, Last couple days option activity has picked up. Your evaluation of the activity please. Marvin ps Do you think SIII is now at a good buy or are they in trouble? Thanks

To: Rob C. who wrote (5563)	12/6/1997 4:02:00 PM
From: Wendell Holmes	Read Replies (1) \| Respond to of 26039

Robert and Ed, how can you say that there is no premium in the options? 25 cents for paper that will be worthless in two weeks is no premium? And what makes you think the options specialist has any more of a crystal ball than anyone else? I guarantee you that if IDX ever does jump two points in one day, that day will be within two days of an expiration date when you and everyone else who has ever traded the stock is patiently waiting for it to drop 5/8 of a buck to the ten level at expiration. Too many people buy around 9, sell around 11, report huge shorts , buy back when the stock drops. Everyone from the specialist to the SOES bandits to stay-at-home stock pickers trades this company like it will never break out of a range. Well, guess what? When it does jump, most people will not have the guts to buy back what they sold or got called out of. They'll think they can get the stock they lost at 12.5 back on the next dip, then, they'll say they'll buy it back when it drops to 15 on the next options expiration date, blah, blah, blah.