Thursday, August 25, 2005
Short squeeze 'a brewing in Omnivision
Up $1,200 today. After I got home from work today, I noticed that Omnivision (OVTI) reported a solid quarter and that the stock had jumped 15 percent in very heavy afterhours trading. With nearly 17 million shares short, I think OVTI is poised for a major short squeeze tomorrow. I'm in for 700 shares at $15.53 (purchased at around 6:20 in the evening).