68 percent of the stock is owned by institutions. tomorrow is the end of the quarter. the move up yesterday today and tomorrow will be for the end of the quater window dressing.
friday monday and tuesday it will sell off and move back down to 11's.
the fundamentals haven't changed since friday.
is there anyone out there that didn't know
about the 5 megapixel product?
that's why it is window dressing.
Window dressing is an unfortunate and disgusting quarterly practice. OVTI was at 15.95 as of June 30. It has therefore been a losing stock this calendar qtr. Some mutual funds may want to unload it before qtr's end tomorrow to look better when they report their holdings as of June 30.
May move sideways to slightly down next week, barring anything unforseen, such as a terror attack, but I see no reason to retreat back to the 11's.....you might want to rethink.....fundamentals havn't changed, but suddenly the future looks a little less dim...I doubt we get much in the way of news for a while..JMMHO.....
I hope your right - I just sold as I'm afraid to lose my profit. I was in a bad mood last weekend and now feel great. When you own 12,000 shares every penny up or down is a big deal. I would like to get back in to OVTI and SNDK if they both would drop a little. I love both of these stocks.
I thought window dressing was when they shed their dogs and put high fliers in their place to look like they know what they are doing. OVTI would not be the one to have held for the last quarter.
Please explain if I'm wrong??