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

To: R. Jaynes who wrote (12701)	3/12/1999 11:21:00 AM
From: brad greene	Read Replies (1) \| Respond to of 26039

Rick, OK.....here is everything I know....I'll come clean. The Commission has no idea who the 4:00 guy is. We have questioned everybody....up and down the organization...inside and outside of every source we have. The best we can come up with....is that it is someone who has a bunch of IDX.....and just has fun showing a high buy at the end of a day. We don't think it is sinister...or an insider. If you are a historian in this stock....you know that a couple of times per year.....a 400 contract position shows up on the option table. Again.....it is not anybody I know.......but it usually has happened near term to a very nice run for IDX stock. I saw the transaction yesterday afternoon....and noted that the open interest at that time was about 900 contracts for the June 10....this morning, the open interest was over 1300. So somebody opened up the position. I guess the important thing would be what they are thinking. If it was a pure play on performance......It would be a big Kahuna bet that somehow, IDX is going to go up very much.....before June. If it was someone who is short 40,000 shares, protecting the upside....again, it is a very bullish sign.....But why 10s?......7.5s would be much safer. I'm just saying that the "400" guy has done this before......and it has always been a good sign. Good topic......What do you make of this?......What is the play?.....Is it protection?....or is it an aggressive move? bg