Market Blog » The Arora Report Stock Market News

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

May 18, 2011

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

DELL (DELL) TABLET TO USE NVIDIA (NVDA)

May 18, 2011

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.

TAKING PROFITS ON REACHLOCAL (RLOC)

May 18, 2011

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.

TAKING PROFITS ON IROBOT CORPORATION (IRBT)

May 18, 2011

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.

TIME TO BUY PENSON WORLDWIDE (PNSN)

May 16, 2011

We are initiating a small new long position on Penson Worldwide (PNSN) right here at $3.15. We will buy more if the stock goes lower. This is medium term position. Our target is $5.00 to $6.00. Since it is such a low priced stock, at least temporarily, we will not use a stop. This buy is triggered by clarification of non-accrual receivable items in the company’s 10-Q disclosure. Penson Worldwide (PNSN) CEO bought 25,000 shares at prices ranging from $3.33 to $3.39 on May 13th. As a full disclosure, ZYX Buy Change Alert

RAMBUS (RMBS) EXPLODES ON COURT RULING

May 13, 2011

Rambus (RMBS) develops intellectual property related to memory and licenses it to memory makers such as Micron (MU). Rambus has sued several companies for patent violations. Rambus has several billion dollars riding on the outcome of these law suits. Spoliation is a legal term that means, destruction of documents. By law, companies such as Rambus are not allowed to destroy documents after a law suit begins. District Court had ruled that Rambus had destroyed documents in its suit against Micron. Based on the document destruction had won dismissal of the Rambus case. Today’s ruling

NVIDIA (NVDA): WHAT TO DO NOW

May 13, 2011

Please see the earlier post for reasons behind the drop in Nvidia (NVDA). What to do now? Those holding the stock and are long term investors, may consider holding half the quantity and selling the rest on any bounces towards the $20.00 mark. Those holding the stock and are traders, may consider selling all of the position on any bounce. Those not holding the stock, may consider short selling the stock on any bounce towards the $20.00 mark.

Nvidia Bulls Got It Wrong Again

May 13, 2011

Nvidia (NVDA) is a short on any major bounce and when all six screens of ZYX Change Method are met. Subscribers to the ZYX Short Sell Change Alert will receive actionable signal on the Real Time Feed if it materializes. Here are the exerpts from my article published on Seeking Alpha this morning. Nvidia Bulls Get It Wrong Again A simple question begs to be asked, ‘œWhat does smart money know that is not known to the bulls?’ The answer lies in my past writings on Nvidia on my blog and Seeking Alpha. My trade was