November 7, 2011

OMNIVISION (OVTI): STOCK PLUNGES ON LOSS OF APPLE (AAPL) BUSINESS

OmniVision (OVTI) has lost some of Apple (AAPL) business.OmniVision     manufactures image sensors for cameras.  

OmniVision  has reduced the revenue guidance to $212 – $217 million.   Previous guidance from OmniVision was for $255 to $275 million.  

The stock is likely to see further tax loss selling.    On a big  spike down, OmniVision may be bought to profit from the January effect.  

If and when six screens of the ZYX Change Method  are satisfied, we will issue a buy signal on the Real Time Feed of the ZYX  Buy Change Alert.Please click here or the title below to read more.

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5 DEPRESSED STOCKS TO BUY NOW AND PROFIT FROM THE JANUARY EFFECT

Stocks in this article include Apple (AAPL), Clearwire (CLWR), Coldwater (CWTR), OmniVision (OVTI), Reach Search In Motion (RIMM), and Sprint (S).

The January effect is a money making opportunity in the stock market. This effect tends to cause prices of some stocks to rise more than the averages in the month of January.

There are two explanations for this phenomenon. First, tax sensitive investors sell depressed stocks prior to the year-end to take capital losses on their tax returns. This tax related selling further depresses prices of the already depressed stocks.… Please click here or the title below to read more.

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