May 18, 2011

REASON FOR LONGTOP FINANCIAL (LFT) HALT

Longtop financial (LFT) was scheduled to report earnings on May 23rd as we have previously pointed out. Longtop Financial has announced that it will not be reporting earnings on May 23rd and has not yet provided another date.

It is difficult to interpret this information. Is there a serious problem? Is this simply a case of accountants getting delayed for some innocuous reason?

We will keep you informed about Longtop Financial as we learn more.

… Please click here or the title below to read more.

May 18, 2011

APPLE (AAPL) RUMORED TO BE LOOKING AT OMNIVISION (OVTI)

Apple (AAPL) rumored to be looking at Omnivision’s (OVTI) five megapixel new chip for iPad 3.

This morning we made an entry in ZYX Buy Change Alert — Real Time Feed:

We are long from $12.50. Now the stock is at $33.61. Our target remains $45. This has been a very volatile stock, the volatility has not shaken us to sell our position prematurely primarily because of technological developments at the company.

Our rational for holding OVTI has become public news today.

OVTI introduced the OV5690, the first 5-megapixel image sensor to use OVTI’s proprietary OmniBSI-2 pixel architecture.

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May 18, 2011

DELL (DELL) TABLET TO USE NVIDIA (NVDA)

Dell (DELL) will be introducing a new 10″ tablet. The tablet will be powered by Nvidia (NVDA) Tegra chip. Nvidia has moved up on the news. Any bigger up move in Nvidia may be sold short.

ZYX Short Sell Change Alert will provide the signal in real-time when the time to short is ripe.

Dell may be bought on weakness. ZYX Buy Change Alert will provide the signal in real-time when the time to buy is ripe.… Please click here or the title below to read more.

May 18, 2011

TAKING PROFITS ON REACHLOCAL (RLOC)

ReachLocal (RLOC) has now hit our target. We are now taking partial profits right here at $21.90 on ReachLocal and putting a stop on the rest of the quantity at $22.16.

ZYX Short Sell Change Alert has been providing real-time updates on this ReachLocal.… Please click here or the title below to read more.

May 18, 2011

TAKING PROFITS ON IROBOT CORPORATION (IRBT)

We are short on iRobot Corporation (IRBT) from $38.12 and $37.98. Now the stock is at $30.51. We are taking partial profits in the range of $30.20 to $30.65.

ZYX Short Sell Change Alert has been providing real-time updates and will provide a signal when it is time to get out of the rest of the position.

… Please click here or the title below to read more.

May 18, 2011