E/R Innards are starting to be picked on by the so called "Experts, Analysts" !!!!!! OVTI seems to have a motivated following of " Unfriendlies". I am long, and ( Just Me !!!), think a positive AAPL story is coming !!! Again, no basis, just MY OPINION !!!!!!!!!!!!!!
seems like their trying to unwind some short positions first, maybe do some opex manipulations and hedging with some postion taking before they upgrade. I think OVTI caught them by surprise with guidance.
JPM really needs to get off thier $16 number and go to at least $22..
max pain for march is 16 and for april, 17. i don't think ovt caught anybody by surprise except in a negative way with margin dropping 6 percentage points (from 30 to 24) net cash getting chopped in half, and inventory turns running at twice a year instead of the normal 4-5 times. not to mention dropping asp, % of his res, % of revs from phones, you name it. big deal they beat on revs by giving up margin and they guided higher for current q revs than the market expected. themarket might have rather had higher margins and less revs. lol