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: DCBEN who wrote (13456)	5/11/1999 11:54:00 PM
From: David	Read Replies (1) \| Respond to of 26039

Tomorrow . . . and press strategy . . . It will be interesting to see if the stock falls a bit more, which is what you might expect after no news and a dropoff a new high, or if it goes up again. I'd put more reliance on a move up than a move down at this point, since the move up would have to relate to expectations stoked by today's presentation at CTST. If we don't see fresh buying tomorrow, we're probably in a mild downtrend until it is broken by good news. As to all the complaining about the lack of press releases, I think it is understandable here for a few reasons. The company has said almost nothing for about six months despite a lot of indirect evidence and hints that there are things to say. IDX has a poor history of mixing good announcements and bad financial results, which has been frustrating, especially lately. However, the problem for me was the parading of a new generation of scanner -- not in the analyst conference call or a morning PR that day, not at CTST with all the industry press -- but in a private H&Q seminar with a small audience. Only the fact that someone in SI was there broke the radio silence. If IDX intended to embargo that news for some good reason, fine, but they aren't playing fair with their stockholders and the public by this form of semi-secret brokerage show and tell. I'm in for the long term, and I had the confidence in this company to make a major buy at $6.25 (coincidentally) the first day the stock began to move, so I am not worried about the ultimate result and am pretty appreciative of the present share price. But IDX can do better with its IR, and we should expect it to. If you have managed to double the stock in five or six weeks and still tick off a lot of shareholders, something is wrong.