Date: Fri Aug 26, 2005 7:54 am
Honestly I would not sell it till I find out more about what the futurerevenues over the next year look like. Then again if it touches 20, I wouldbe tempted to sell. I've just bought this morning at 14.80 and because of myusual trading patterns I might be in and out but 19 - 20, I think is totallyon.
Okay so regarding the open at 15.5 and it's down to 15.06 right now. I'veseen OVTI trade for 3 years and over the last 5 quarters they've opened upand then down after earnings. It tells you about a certain shorts frame ofmind when it comes to this stock as they always take it up high after hourson low volume and then short at high volume during market time. The samething is being tried this time and it's good to roll in shorts when you feelconfident of the news yourself.
Last 5 to 6 quarters revenues have been below a 100 MIl (couple of times in80's) and so the growth in the stock practically disappeared. Now for thefirst time the company has raised revenue targets 110 - 120 Mil. This is thecatalyst for me. - One important thing, company has almost always come intheir targeted range if not made more.
It's also exploring new markets as in the past it was stuck only to cellphones. Security cameras, car cameras and most notably 20% of all computersare expected to have these. Look for any deal struck here with a computermaker as a major win.
