% | $
Quotes you view appear here for quick access.

OmniVision Technologies, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • dkarlsenyh dkarlsenyh Mar 22, 2004 11:55 AM Flag

    K Mart Blue Light Special


    Does anyone have a fix on the 200 sma of the Nasdaq? It looks like close to 1885, can anyone confirm?

    If it is 1885, we came within 20 pts of that today. I would expect strong support on the 200 sma of the Nasdaq, as I don't think anyone really believes we should go into a bear market with earnings strong and increasing.

    So I think that either today was the bottom, or else some day this week we will test 1885 on the Nasdaq.

    Either that, or we're going to slip into a bear market amidst rising corporate profits, and I've never heard of that happening.

    OVTI is now in a very strong support area. Very strong support at $23.70, moderate support at $24.60. In addition, 200 sma is ~$24.00. $24.00 has been the lowest I could conceive OVTI going to. It's only because of the general market performance that OVTI has reached (it got to $24.10 intraday) this area. It's still the same company it was a month ago.

    I'm not surprised to see OVTI drop more than other stocks today due to the fact that it closed Friday not close to or at support.

    This topic is deleted.
29.380.00(0.00%)Jan 27 4:00 PMEST