Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: brad greene who wrote (10119)	8/31/1998 3:25:00 PM
From: David	Read Replies (2) \| Respond to of 26039

Westergaard . . . Price break . . . . First, the Westergaard hype on DDSI is more than DDSI is hyping itself. Look at the completely speculative figures DDSI provided Westergaard (relying on FBI approval and major market acceptance, each a long shot). Then look at the Westergaard discussion. It assumes higher revenues and greater net margins than even the corporate-provided hype. As to SACM, even Westergaard can't say anything specifically nice. Just how impressive the stock price has been in relationship to reality. (In other words, how puffed up the stock has been compared to where it belongs.) Well, you know by now how much respect I have for that operation. * * * The price break in IDX, if it means anything, is a reaction to the DBII announcement earlier today. Volume, however, is not amazingly high. This is all in the face of obvious strong revenues coming into IDX in the near future, way above and beyond analyst estimates. In other words, we will shoot past earnings estimates. Yet the stock trends, and breaks, down. Overall, it has the psychological traits of a bear market stock. Down on speculation (DBII), not up on good, hard news. Just the opposite of a speculative blowoff (up on speculation, not down on bad news) -- but equally unrealistic. The fundamentals on this company remain strong and getting stronger. It becomes a stronger long-term buy every day. And until I see a change in the fundamentals -- not just DDSI-level hype or DBII announcements of a product whose specs have not been provided -- IDX still looks like a great buy to me.