OmniVision Technologies, Inc. Message Board
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81% of stock owned by mutual fund!!!
Shorts were given break from pain today but this will end tommorrow but it is headed up all they way to 12/1 earings call. WHY??? Because many of the shorts (41% of OVTI is shorted) will try to close before close of bell on 12/1 to due to FEAR of OVTI will blow away analyst estimates but there will NOT be enough parchutes to go around. WHAT IS SHORTS PROBLEM?? 81% is owned by Mutual funds as and these Funds need a big gushser stock like OVTI and they are going to HOLD through earings call so expect another $7 pop in next week. See link for mutual fund ownership.http://finance.yahoo.com/q/mh?s=OVTI
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If the brokerage is going to allow naked shorting, it doesn't really matter whether your certificates are there or not, right? If the broker loans out shares that they don't have in stock, then it really doesn't matter what we do with our holdings, fake shares are going to get loaned out anyway.
As for you, how many shares do you own?
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Naked shorting is just selling shares you haven't yet identified. Eventually, you find them, but it could be long after the time regulations say you're supposed to.
As for me, too many! But, also not enough to make me rich. sigh. -
If the brokerage is going to allow naked shorting, it doesn't really matter whether your certificates are there or not, right? If the broker loans out shares that they don't have in stock, then it really doesn't matter what we do with our holdings, fake shares are going to get loaned out anyway.
As for you, how many shares do you own? -
we are going higher....the newbie shorts don't realize this was a 30 something dollar stock at one time...it looks better now than ever...the short position is going to drive us back to 30's...especially if we have a good conference call...
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Keep the margin account and max it out. Shorty is screwed so they won't be borrowing any stocks to short in the near future. Thier problem is finding the liquidity to cover. What the F#cK were they thinking? Low volume (low liquidity) helps us (we don't have to sell) but absolutely will kill them, they have to buy.
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Check NasDaq for inst ownership. It's around 74% now. Which is still a huge position. Even if the've shorted some agianst the box, they know OVTI enough to cover that so the last shorts are probably true shorts and they will cover soon. 18 was a big shorting point and at 17 now, that group will be covering soon. The next big group I think is in the 20+ range and they will take some convincing. After a good ER, they will cover too.
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You're numbers are flawed, based on short number on 10/01.
The rsi is not going to 100.
http://stockcharts.com/def/servlet/SC.web?c=ovti- 1 Reply to wdblawgrow
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You're numbers are flawed, based on short number on 10/01.
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Not necessarily, assuming the Mutual Funds are the ones loaning the shares for shorting, and they are sold to other Mutual Funds. No matter what the short interest is, Stock ownership has to total at least 100%. That does raise the interesting question someone asked the other day about who gets to vote the shares in that case. I don't have an answer to that one.
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The whole 81% is long?
Would shorts be included in this figure?- 1 Reply to jamccull
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jamcul,
Shorts do NOT own stock. They are only promising to buy the stock back in future for a given X price which they established when they start short. I have shorted in past and lost money but Closed before I got crushed. Smarter thing to do is buy Puts. But problem is share imbalance!!!!! Too much is shorted and too much is owned by big mutual funds (81% owned buy Mutual funds, 41% shorted leads leads to bizzare imbalance). Bottom line..If your long you should be opening bottle of expensive champagne if your Short.. you risk losing your shirt.
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