October 9, 2012

OVTI GAINS HTC ORDERS FOR CAMERAS

This post was recently published on ZYX Buy Change

HTC has switched its orders for CMOS image sensors from Samsung (SSNLF) to OmniVision (OVTI) and Sony (SNE). It is a positive development, but our screens do not justify adding at this time.

What To Do Now? Those in the position may continue to hold.

Those not in the position may wait for a signal on the Real Time Feed to initiate a position… Please click here or the title below to read more.

October 9, 2012

CIEN AT AN INFLECTION POINT

This post was just published on ZYX Buy Change

CIEN is at an inflection point. This is why the stop is so tight. Conservative investors and those who can not watch during the day should let the stop hit and be willing to enter again with a tight stop.

Aggressive investors can change the stop to $12.17 -12.38. We caution against trading this stock without a tight stop.

For the long term, CIEN will benefit from China spying, please see an earlier post on this topic. The stock can easily run to $17 if a short squeeze starts. A short squeeze is possible on China news.… Please click here or the title below to read more.

October 9, 2012

INVESTMENT PLAYS FROM CONGRESSIONAL TOUGH TALK ON CHINA

A congressional committee hints that China may be spying on your phone calls and emails. Spying may be accomplished through the software code and telecommunication equipment manufactured by two large Chinese firms.

On October 8, 2012, Chairman Mike Rogers and Ranking Member C.A. Dutch Ruppersberger of the United States House Permanent Select Committee on Intelligence issued the Investigative Report on the U.S. National Security Issues Posed by Chinese Telecommunications Companies Huawei and ZTE.

The clear message from the 52-page report written in polite and politically correct language, perhaps not to alienate China, is that two major Chinese telecommunication equipment companies, Huawei and ZTE, may be facilitating spying on western interests.… Please click here or the title below to read more.

October 9, 2012

APPLE CHART TRACES DREADED PATTERN

The Apple (AAPL) stock chart has traced the dreaded head-and-shoulders pattern. This is a well-known and well-followed reversal pattern in traditional technical analysis.

As shown on the chart, the pattern consists of a left shoulder, a head, and a right shoulder. In Apple, the left shoulder was formed when the price pulled back from about $680 to about $660 in an ‘outside day’. An outside day is another reversal pattern. Please see “Dangerous Apple chart pattern into iPhone 5 launch.”

The head was formed when the price moved above the peak of the left shoulder and subsequently fell down close to the bottom of the left shoulder.… Please click here or the title below to read more.

October 9, 2012