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OmniVision Technologies, Inc. Message Board

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  • skiselev81 skiselev81 Dec 8, 2008 3:10 PM Flag

    fate is sealed here

    thats my point exactly. The market way up, OVTI in the red again. Tomorrow the markets pulls back a little, OVTI will be in a deep toilet. Another thing, you say it is an $8-10 stock now. Go back two years and you were screaming it is an $40-50 stock like everyone else here. 1 year from now you will be saying "oh gosh, how could a $3 stock be trading at 50 cents lol"!!! This couls continue on and on. Now that theyre predicting losses (which could go well into 2010 based on the economy), we shall see some serious cash burn, which should substantially erode the book value (if that is how youre coming to a 8-10 stock). Based on earnings (which will be non-existent for a while here), this can be a $1 stock next year easily.

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29.380.00(0.00%)Jan 27 4:00 PMEST