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

To: jerald morse who wrote (7625)	4/6/1998 6:57:00 PM
From: Brian Malloy	Respond to of 26039

Jerald, OT-OT-OT Like you I have been in IDX for the long haul, since 91 with an average cost per share of $3. Unfortunately, I have seen this current pattern repeated too many times over the years. Orders are pushed out and write-offs are taken. Finally, IDX is getting brokerage coverage and the same stuff is going on; they are in the big leagues but the fine points of execution still seem to need refinement. This company and its management are by no means novices, if they were, I could just chalk it up to inexperience. The bottom line is that the eps growth just is not comming. I closed out approximately 80% of my position a few weeks ago when IDX was $9 so it was a three bagger and I don't have any complaints about that. However, I took that money from the IDX sale and bought PFE options which has proved to be a much better use of the funds especially in light of IDX's drop to $7. Proceeds from the PFE sale have since been rolled into QWST and THNK. I posted last week that a drop to the $6 level in my opinion will be very dangerous. I pointed out that part of the stability in IDX stock over the years has been the large number of individual investors that believed in the company and purchased at the $1 - $3 level many years ago. As you also point out, I think old timers like you and me are starting to redeploy funds. Those that buy in our wake will not have the patience to hold for five or seven or even three years. I still like IDX, I wish them the best and should they actually deliver on the true promise and potential of the biometric market I will buy back in even if they are $20 a share. Meanwhile, the opportunity cost of locking up a major chunk of money for who knows how many additional years is in my mind no longer prudent for me. IMHO Regards, Brian