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.