Friday, May 4, 2007

A nice surprising day for OVTI

high volume:about 6M share traded, much more than previous days.
up to more than $1, at that time I thought it is EK buyout rumor again, then it will fall sharply when no such thing from EK CC, at least to retest the strong support@14.2, however I was wrong.

OVTI is certainly much stronger than I thought, there are a lot short covering and accumulation going on. With no news and a friday, the market sentiment about this once cursed stock got a nice reverse. Now it is time for short side to be worried.

Run will continue into next week.

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