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OmniVision Technologies, Inc. Message Board

  • mckellyb mckellyb Jun 16, 2006 11:52 AM Flag

    This is illogical

    Given the CC, today's behavior is truly bizarre.

    Just don't watch the daily performance for a few days, this will stop and it'll be back to 28 before the end of next week.

    Humans in large numbers tend to do truly stupid things for no apparent reason. Here is a good example.

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    • I agree with you. In OVTI's case, some of it could be due to the overall market condition. This is a buying opportunity to pick out a great growth company at steep discount, a company that's generating fabulous cash flow in a growing industry. In the end, it comes down to generating revenue and income which OVTI proves with ample cash it has been accumulating in its balance sheet. The fact that no shorts can deny: OVTI is profitable, very profitable in a growing industry. Enough said.

      • 1 Reply to schongusa
      • Right..there are so many bullpshit companies out there with high valuations, not making money, no cash..this is ridiculous..Hong should come back and announce some stock buy back..or we need all the fucking analysts that were in the conference call yesterday that said "Good Qtr, Congrtulations" to come out and upgrade this one..they never do it..not sure why

    • you're right...this is just manipulation but if you think it is an excellent opportunity to buy more at 22.5..one would have already made a $ profit..this is long term..the same happened last qtr,it went down after earnings , I sold but went back up all the way to 34!! ridiculous..I've seen some stock tanking due to bad news,earnings etc.but OVTI is the only one that go down so much with good numbers..

 
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