OMNIVISION TECHNOLOGY (OVTI) SLUMPS: AAPLE (AAPL) SONY (SNE) EFFECT
Omnivision (OVTI) reported earnings better than expected, but projections were a disaster. Omnivision sees Q2 EPS 52c-64c vs. consensus 82c
Omnivision sees Q2 revenue $255M-$275M vs. consensus $306.37M .
There is speculation that lower projections are the result of losing some Apple (AAPL) camera business to Sony (SNE).
In any case, this dip is a buying opportunity. We bought a 5% tranche at $17.07 in the after market.
We will be closely following this OTVI position in real-time on the Real Time Feed of the ZYX Buy Change Alert
zyx change method http://thearorareport.com/sub Updates are available on this position in real-time on the Real Time Feed of the ZYX Short Sell Change Alert.… Please click here or the title below to read more.