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

To: Rob C. who wrote (13067)	4/16/1999 4:34:00 PM
From: David	Read Replies (2) \| Respond to of 26039

Rob, what makes you think the stock is dropping into the 6's next week (i.e., at least 28% down from this close)? Institutions will start selling instead of buying? IDX announces bad IDT news after the merger? The upcoming CTST depresses demand for biometric stocks? The four o'clock guy turns into a seller after the bell? No, we have a shift in sentiment in this stock now. And it is not going to change overnight. We won't see $15 next week, but our chances at a momentary $10 are better than a drop below $7. At least you have made a good profit on this stock while you were in it. But trader's profits -- the little stuff.

To: Rob C. who wrote (13067)	4/16/1999 5:05:00 PM
From: brad greene	Respond to of 26039

Rob, Nope....Double digits is more likely than under $7.00. IDX/IDT have had a gag in their throat for 7 months. I believe it is no more than a few trading sessions from coming out. I believe you will see some interesting developments...... I wish I could go deeper into it.....but I think the direction is up, despite the recent move. The institutional interest, and failure of the pre-announcement to reverse the stock this week should tell you something. Interest is building. The folks who bought all of those June 10s were not crazy......and there will be short covering....as I'm sure the funds who are short can see that something has clearly changed. Should these funds and/or the specialist choose to go or stay short....then good luck to them. IDX/IDT has 60% of the biometric market..... Have a good weekend. Commission party tonight. bg