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OmniVision Technologies, Inc. Message Board

  • ldsmith4737 ldsmith4737 Sep 1, 2011 1:12 PM Flag

    lower support levels

    Deteriorating market doesn't help today. I was hoping for a continuation of the dead-cat bounce but no luck today. If it doesn't recover today we could see another big drop tomorrow before the holiday weekend possibly to $12 or even $5 for a Labor Day Sale. If we recover today we could see a jump. If at this level at close, I'm out.

    Analysts on cnbc predict lower market close with another possible drop tomorrow.

    Possible parties interested in buyout will find it very attractive.

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    • <<before the holiday weekend possibly to $12 or even $5 for a Labor>>

      Have checked your head recently or just want to buy the stock at a few pennies lower?

    • If you check a max monthly chart, you will see that the stock has been cyclic in nature, dropping to about $12 (once to $5) after reaching the $30's. It usually takes about 6 months but this drop is faster. Pattern

      I have bought cheap and was hoping for a rise, but out when it appears support is not there. It could take another couple of months to reach $12 but the pattern is present so it could be very rapid. The declining market today doesn't help.

      I would like to buy the stock a few dollars lower.

 
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