I agree with you. In OVTI's case, some of it could be due to the overall market condition. This is a buying opportunity to pick out a great growth company at steep discount, a company that's generating fabulous cash flow in a growing industry. In the end, it comes down to generating revenue and income which OVTI proves with ample cash it has been accumulating in its balance sheet. The fact that no shorts can deny: OVTI is profitable, very profitable in a growing industry. Enough said.
Right..there are so many bullpshit companies out there with high valuations, not making money, no cash..this is ridiculous..Hong should come back and announce some stock buy back..or we need all the fucking analysts that were in the conference call yesterday that said "Good Qtr, Congrtulations" to come out and upgrade this one..they never do it..not sure why
you're right...this is just manipulation but if you think it is an excellent opportunity to buy more at 22.5..one would have already made a $ profit..this is long term..the same happened last qtr,it went down after earnings , I sold but went back up all the way to 34!! ridiculous..I've seen some stock tanking due to bad news,earnings etc.but OVTI is the only one that go down so much with good numbers..
Same thing happened to CMTL in Dec05. Two earnings beating quaters later, the stock is still down 33% from its 52-week high. These was a high short ratio on that stock too. Been following CMTL since the drop, every runup was killed by instituional sell off.. No position on this stock---yet