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

To: Rob C. who wrote (8871)	6/19/1998 11:30:00 AM
From: brad greene	Respond to of 26039

Rob, All kinds of Calls going through at the mid....except mine....and mine are 1/16 from the ask.......1/8 above the bid. Shameful spreads and premiums. Why is that?.......These guys are buggers!....I think they are going after the 20 June 5s.........going for the clean sweep! bg

To: Rob C. who wrote (8871)	6/19/1998 11:33:00 AM
From: marvin smith	Respond to of 26039

Rob, Lot of buying going on today+ stock is oversold = short term bounce. But you are probably right for the longer term. Marvin

To: Rob C. who wrote (8871)	6/19/1998 11:35:00 AM
From: David	Read Replies (2) \| Respond to of 26039

Rob, I'm guessing (and I'll bet you're guessing, too) that the price gravitates today to the $5 strike price. For me, that means I am buying again. I don't really care if the price might go lower in the next week or month, since after a couple of more reported quarters, I expect it to be a lot higher than today. And next year, higher again, and so on. If anyone knew the precise bottom and top of a stock, they would be richer than Bill Gates. As far as anyone knows, revenues continue to increase at a rapid rate. If money is not hitting the bottom line, and if there is all that money at the top line, than management has decided this for a strategic reason. But I would think that this quarter, at least, management would want as much money to hit the bottom line as possible, given the problems last quarter and the present low stock price. We hear almost nothing out of IDX, and this is probably a result of the Lerach lawsuit inhibiting communications with stockholders. The last thing they want is another one of those. With a $5 price, the market is assuming that IDX will be making not much profits next year. The stock is down to 1995 levels, in fact, despite greatly increased revenues and improved industry fundamentals. I don't believe in the perfect market theory. Sometimes a stock is too low, and sometimes it is too high. This stock looks too low to me. David PS -- I had been on the Yahoo! IDX thread as "boi568", but that episode is over. The Yahoo posters don't seem to provide very many facts to support their opinions, and a few of them just like to attack other people for the sport of it. What's the point of that?