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OmniVision Technologies, Inc. Message Board

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  • tj_shanks tj_shanks Aug 26, 2011 4:41 PM Flag

    Cramer to host CEO tonight

    Explaining to an amateur probably won't do much good, but try this

    shorts placed bets prior to earnings, and they have a big gain with today's results

    any shorts who wait to cover next week are risking profits eroding, but some will be greedy (greedy shorts - because some think the market will be negative because of the Irene storm, and some think the stock could continue to be weak)

    if the next trading day has another move down then the shorts will stay with that trend, hence there will be more shorts in the stock (so in this case the max short squeeze could happen if CEO interview makes positive comments and/or someone trustworthy called OVTi a buy)

    stocks don't get price action without shorts chomping on the ask along with buyers

    don't bother to reply if you can't comprehend that last bit, or if you chalk it up to something not very important... price action

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