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Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider -- Ignore unavailable to you. Want to Upgrade?

To: Sheldon C. who wrote (4117)	12/22/1998 2:34:00 PM
From: David	Respond to of 4676

Thanks, Sheldon, I didn't know you cared. As to little IDX . . . well, I think we saw our bump from the acquisition and there probably has been a double top. If there hadn't been the purchase, we'd probably be around $6 right now, and I'd be buying again. As it is, the stock didn't drop down to $7.50 at options expiration, so there is probably pretty good support for it in the $7 to $8 range. As to the mid-day drop, it's partly an artifact of the after-hours IDX angel on the Pacific exchange who tends to increase the closing price by as much as 1/4 on a tiny purchase. Also, we're just in an end of year doldrum at the moment, especially with no releases from the company. When will IDT add to the IDX bottom line? Not this quarter, that's for sure. IDT had been operating in the red for the nine months prior to its acquisition as it spent front-end money to develop its Compaq product. However, I think the analysts are expecting it to turn profitable in months, and what little press there is on it has indicated better-than-expected sales. Saw somewhere that IDT would be happy shipping 55,000 readers by January 1, so maybe that's now in the ballpark. I don't know what the profit margin will be when it gets going, but I'd guess in the neighborhood of $10. Whatever the margin is will be dependent on the level of sales, anyway. Don't complain. Now there's something to read on this thread.