You gotta like OVTI right now

Quote from NY_HOOD:

17 is very strong resistance. Whats interesting is that an analyst came out 2 days ago and stated OVTI should be bought on any earnings related weakness. OVTI earnings are the 29th. Does this guy know something? Is this why the stock is basically stuck and slowly selling off? An analyst usually conducts channel checks and for him to mention to " buy any earnings related weakness" gives me some pause. I will watch closely over the next few days.
Since when are analysts correct? Sometimes they are. The timing of that statement is somewhat of a red flag.


08:41 EDT OVTI OmniVision should be bought on any weakness, says RW Baird
Baird believes any weakness following OmniVision's Q2 results should be used as a buying opportunity. The firm cited company fundamentals including next year's gross margins which should be driven by fabrication diversification. Shares are Outperform rated and price target $23.
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If you look above, i posted this is a red flag and holding into earnings is dangerous. This told me they the street may be expecting a bad quarter. The stock is getting hit heard. I wouldnt touch OVTI now. CRM is the shining star today.
 
Quote from NY_HOOD:

If you look above, i posted this is a red flag and holding into earnings is dangerous. This told me they the street may be expecting a bad quarter. The stock is getting hit heard. I wouldnt touch OVTI now. CRM is the shining star today.
More...
Lol salesforce.com is 5.83(13.36%).Better than expected earnings ? Did you trade it ?
 
OVTI gave you a decent move higher before gapping significantly lower on 8-30-13. For exnyone still holding the position long, Friday's gap down is disastrous to a nice profitable trade. I wouldn't be looking for any long positions until around the $14.50 area at teh very earliest.
 
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