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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (460)10/8/2006 10:40:55 PM
From: pcyhuang  Read Replies (1) | Respond to of 4080
 
Labrador:

"A major problem with OVTI is competition causing contracting margins, likely losing key customers and it is a one-trick pony making what is not a commodity product. On the positive side, it has a ton of cash, no debt, a low P/E."

You have made some good points. But let us look at OVTI's weekly chart:

stockcharts.com

In recent years, only twice did the stock reach an RSI (14) reading at 30 or less and simultaneously with an Williams %R(14) reading at -80 or more. The last time was in Aug. '04 and the second time is now. Similarly, the stock should rally from here just as it did in '04.

pcyhuang



To: Labrador who wrote (460)10/8/2006 11:01:32 PM
From: gcrispin  Read Replies (1) | Respond to of 4080
 
I agree that the fear is that camerachips will become the next DRAM and that the sector will be dominated by Micron and Samsung. What's ironic is that Micron could probably buy OVTI and make the deal accretive due to Micron's high PE.


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