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OmniVision Technologies, Inc. Message Board

  • cash_is_king_now cash_is_king_now Mar 4, 2007 6:22 PM Flag

    What is the problem with longs here

    They forget that the PPS is based on income and growth and when these 2 factors are down so will be the PPS. Longs who depend on short covering are acting on desperation. Rememeber that most or all of the shorts are actually hedge against the box or an institution that holds 2 mil shares, for example, may short 1 mil to secure itself. If the stock goes up then they will win but if the stock goes down then they don't lose big. Basically, they are playing it on both sides. Now that eveything is cleared and OVTI came with a very bleack outlook, institutions with shorts will sell part of their longs until their short and long are equal. That will push the price down until it become attractive or in the range with the income. At that point then the short covering will kick in. That's why OVTI will heads down under $10 and $9 and then heads up to $11. But OVTI never goes above $14 in next 12 months.

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