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. The new 1.4-micron backside illumination pixel allows for a full five megapixels in a 1/4-inch optical format. This makes the chip best in class.
Those holding the stock may continue to hold it.
Those not holding the stock may wait for a pull back.
This stock often experiences pull backs.
