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OmniVision Technologies, Inc. Message Board

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  • cudadida cudadida Jun 17, 2004 7:38 PM Flag

    after hours 31,000 shares ended 15.31

    The short covering will start tomorrow (they always cover on Friday to lock in profits for the week) ... this will cause a rise probably to mid 16's ... then additional covering Monday and Tuesday will bring it up to the mid 17's before the earnings release on Wednesday. The better than expected earnings report and expectations will push the stock up to 20.00 by next Friday.

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    • That post sounds very logical.
      During OVTI's "quiet period" when no news -"good or bad" is being disseminated, it is very easy to spook the smaller investors, create doubt and fear, and panic them into dumping their OVTI shares. Friday IMO should be a very interesting trading day!

    • Could be, What a great week they had... even letting stock rally a little wednesday and killing it in place before selling off this morning from get go.. They know their shit, now they get to buy back cheap, when no here can afford to buy. Whoever orchestrated this, i want him to run our investor relations department.. get rid of Rossi!!

      • 1 Reply to truthfuldude
      • It's hedge funds that orchestrate the shorting campaign. Yes, you're right, they know their shiit. But eventually their game is over, they cover fast and move on to the next victim.

        They create FEAR; you could just feel it today as they shorted it down to the high 15's, then the low 15's.

        As i said previously, the hedge fund shorters aligned with crooks at the Wall Street Journal (disclaimer - In My Opinion based on the misleading articles published on MTLM) did the same thing with MTLM, shorting it down by 40% before the covering began ... now it's flying a few weeks later, recovered almost the entire loss.

        As soon as the covering begins, the unnatural demand/supply imbalance caused by the shorting will dissipate; then the stock will recover to where its fundamentals should put it. Eps of .30's per quarter, even if sales are no longer dramatically increasing ... and rev's of $100M per quarter in this field gives a fair market value over $20 - just look at what other companies are selling for.

        Inefficient markets don't last long - take advantage when you see them.

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