I wrote about OVTI on June 9: Buy on bad news? OVTI – Omnivision Technologies Inc. Well if you did buy, you should have waited for the rest of the bad news. We’re now seeing a few class action lawsuits. The stock is down some more, currently around 16.12. So the question should be changed to “do you buy on really bad news?”
It seems all bad news are out. Investors are panic. A new low in mid 14’s. With market cap at $800 millions and camara phone production for Chrismas heating up, I don’t see why we should not buy here. However, to buy at the exact low is impossile.
I bought and missed the exact low by over 2 dollars but I think it’ll be a good move.