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OmniVision Technologies, Inc. Message Board

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  • daveyw43 daveyw43 Oct 4, 2004 1:15 AM Flag

    FMR has left the building

    I would like to propose a possible explanation to what has happened since OVTI took it's dive. Institutions are aware of what each other are doing. When FMR decided to stop being the largest institutional owner of OVTI and started unwinding their position, others followed. Hedge funds who got wind of this started shorting and producing reports that brought in retail shorts, hence the stampede out of the stock and a huge increase in short interest. Since the accounting fiasco has ended in the firing of Rossi and the hiring of hopefully a much more competant CFO, where does it go from here?

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