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

To: Buck who wrote (9810)	8/5/1998 8:48:00 PM
From: R. Jaynes	Read Replies (2) \| Respond to of 26039

Buck, I'm glad you got a laugh. I always enjoy your posts and I tend to look on the bright side of things too. Let me give you a quote that sums up how I look at investing in IDX. This is from a newsletter writer whom I admire very much - I look forward to reading it every month because I think it is so well written. He is well known and should be familiar to all of you. Here, he is talking about a stock he recommended to his readers and the stock did nothing for 2 1/2 years. Then one day it took off and now he's ahead by about 400% "During the years when the stock did nothing or went down, I wrote positively about the company, urging my subscribers to accumulate more shares. I preached the same message at seminars all around the country. Those who followed my advice have a huge capital gain, and rising yields. So why didn't I get the timing better? Why did I buy and wait 2 1/2 years to see big profits develop? During times when a stock does nothing and the market goes up, it is very difficult to sit by and hang on. Times like that make you feel "left out." You don't know the profits will come. It is natural to worry that, by holding on to a stock that does nothing month after month, you are losing out on a good chance to make a lot of money. In the midst of a bull market, patience is not easy..... Stocks that take time to work out are our biggest opportunity. Time amplifies the opportunity by allowing us to accumulate more shares. When the major upward move comes, we will own more shares, and enjoy larger profits." So, Buck, as it turns out that is exactly what I have been doing with IDX; not necessarily by design but as circumstances have dictated and, truthfully, I am encouraged by the company and feel that in the long run things will turn our very well. Enough sermonizing. Rick