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OmniVision Technologies, Inc. Message Board

  • erickarr@ameritech.net erickarr Jan 27, 2009 12:52 PM Flag

    Anyone notice the "Meandering"

    around $6.66 or the incredibly lame dollar volume at halftime? comments? i've been taught when something moves up or down on lame volume, most of the time it's being set up to move the other way on greater volume. i'd normally say that it was an attempt to start a short squeeze except there are many shorts left (and a lot of the ones left are partialy/fully hedged).

    to get rid of what many refer to as market manipulation, we need to get rid of market makers and program trading.

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    • After backing off for about 45 minutes just hit $6.69..........new high for the day.

      Closes about $6.75 to $6.80 and we're off to the races. Market as a whole is ready for a powerful rally..........

      Erick.....this business is totally undervalued. You may hate the stock but you must be able to recognize inherent value.

    • erickarr@ameritech.net erickarr Jan 27, 2009 12:58 PM Flag

      around $6.66 or the incredibly lame dollar volume at halftime? comments?

      i've been taught when something moves up or down on lame volume, most of the time it's being set up to move the other way on greater volume.

      i'd normally say that it was an attempt to start a short squeeze except there aren't many shorts left (and a lot of the ones left are partially/fully hedged).

      to get rid of what many refer to as market manipulation, we need to get rid of market makers and program trading.

      did anyone notice that fisher filed a Schedule 13g recently to show that since last time he filed the schedule, he increased his position from around 5 to 5.3%

      for people that shorted against the box to hedge gains in 08, under the 30/60 day exception under the TRA 1997, will they be covering their shorts to unwind their hedge?

      • 1 Reply to erickarr
      • At $6.66 the common is up more than 4.5% for the morning. Normal tape action would be for the stock to back off as sellers take profits, then begin its ascent again.

        In the last 5 trading days the common has moved from about $5.15 to where it is today. Part of it is that tech is moving again.

        Unlike so many tech company OVTI has extremely strong financials. As I type the company is still grossly undervalued with a market cap of $332 million. In other words.....back out the cash and the debt and we still have an enterprise doing $500 million to $700 million in revenues.......showing a trailing profit of as much as 1.08 per share.......being valued at a paltry
        $75 million.

        Beyond rediculous valuation.....unless the numerous design wins and "rush" orders are ficticous.

        Time for the Hong dagger........short sellers getting squirmish about a $100 million hit.

 
OVTI
29.380.00(0.00%)Jan 27 4:00 PMEST