OVTI reminds me of the Tech Bubble

OVTI is down to 12.35 with a PE under 14 and PEG around 0.64 according to the Yahoo Finance quote. Remember that this is a market leader in a fast growing field. I started investing in 1999, picking companies like Sun Microsystems and losing most of my money. Recently I’ve been writing about OVTI and all the bad news which is making the stock cheap. I thought it was a good time ot buy, but the stock is still getting cheaper. There doesn’t seem to be any news, but the stock falls (hard) anyway. It remindes me of the bad old days and makes me question why I bothertrying to find individual stocks when most stock pickers (including mutual fund managers) don’t beat the indexes long term.

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