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


To: steve who wrote (6589)2/9/1998 1:44:00 AM
From: Elvis Jones  Respond to of 26039
 
OBV = On-Balance Volume

This compares the volume on weeks where the stock closes higher to weeks where it closes lower. It's an early-warning type of indicator in the face of no price movement.

My AIQ chart shows OBV at 1026 on May 14, 1996 (when IDX closed at $19) and 1020 on Feb 11, 1997 (when it closed at $13). As of Friday, the number was over 1033. This leads me to guess that buying has intensified over the last year.

Happily Long IDX,
Duke

ps. Another possible use for biometrics. In Kansas City, a newborn was kidnapped from the hospital. The couple stole the Mother's baby AND her ID-bracelet while she was sleeping with the baby! How many new mothers would object to fingerprint verification to remove a newborn if it was available?