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

To: jerald morse who wrote (5593)	12/6/1997 11:25:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 26039

jerald, Think you are alsolutely right about the possible jump in price. I have fortunately owned three stocks that had great price jumps on good news. One I had sold covered options on at an earlier date. Found out the hard way it was cheaper to close out the option position then let it be exercised, and buy the stock back. Cost me a pretty penny!! Fortunately, turned out to be the right move. I do not follow IDX options. However, rather then selling covered calls, you might consider selling in the money puts at this point. It is a sound alternative to make added money. IF you believe a price jump is coming. IF you don't mind owning more IDX at that price minus what you are paid for the call. IF the price jump doesn't happen. Sorry, but I have watched too many people on this thread cheer IDX on and believe in the company too strongly not to open my big mouth. Don't sell covered calls now, and lose your stock after you have owned it so long. It appears that it stands a good solid chance of spiking up to $18 or $20 a share on the probable INS order announcement. Not to memtion the other possible goodies. IMHO the price spike is coming soon, and it will happen fast when the possible INS contract is announced. Fast as in the same hour or day. After the spike, price will fall back some until next announcement. This is my opinion, don't count on I have been wrong before, but this one looks too good to be too wrong at this point. Night Writer