Rob's Lobs

[Rob]

What makes it unsatisfying?

The fact that it is devoid of any opinion on my specific question.

[DSteckler]

The fact that it is devoid of any opinion on my specific question.

Rob, the GOOG pattern is on the site. Check out the other pages. I assumed you were looking to learn EW.

[The Stock Girl]

What makes it unsatisfying?

Dave, you're very sweet and it's hard to put it in words. Just the overall experience I guess.

[Rob]

It Sounds Like Pre-ignition

I assumed you were looking to learn EW.

Ultimately I would like to understand that, as well as many other TA techniques. For the time being, I was just asking those who already have experience spotting these things whether this may be a valid one.

It's like ... if I'm an auto mechanic, and my neighbor asks my opinion about what's causing the pinging sound in his motor, I would likely give him my opinion as oppsed to handing him a Chilton manual. That's all I'm saying.

p.s. I'll look for the GOOG stuff on the site too. Thanks.

[DSteckler]

Alright, techie people, please tell me if you would consider this a valid Elliott Wave pattern, and if so, what is portended to occur with this C-wave. Any explanations you might include to expain your conclusions would be welcome also.

You're looking at a symmetrical triangle in a bull pattern, also known as a running triangle. Expect a lower high (D) and then a higher low (E). After the higher low, look for a new price advance to break the resistance line of the triangle.

[Rob]

Cool, Dave. I appreciate your lending your expertise. Thanks.

[Rob]

Omnivision Technologies (OVTI)

Omnivision Technologies (OVTI 26.81, +1.31, +5.1%) reported fourth-quarter net earnings of $22.5 million, or 39 cents a share, up 28% from $17.7 million, or 30 cents a share, during the year-ago period. The Sunnyvale, Calif.-based company, which designs and markets high-performance semiconductor image sensors, posted revenue of $131.8 million vs. $103 million.

(for some reason, the volume on this Yahoo chart got screwed up)

[Rob]

Wow

[Lyehopper]

Deja Vu.... all over again. Ain't it Rob?

[Runner]

Omnivision Technologies (OVTI 26.81, +1.31, +5.1%) reported fourth-quarter net earnings of $22.5 million, or 39 cents a share, up 28% from $17.7 million, or 30 cents a share, during the year-ago period. The Sunnyvale, Calif.-based company, which designs and markets high-performance semiconductor image sensors, posted revenue of $131.8 million vs. $103 million.

(for some reason, the volume on this Yahoo chart got screwed up)

Rob, my fuzzy FA rates fair value for OVTI at 26.00 for 2006..

[Runner]

Rob, correct me if I’m way off base. I was looking at OVTI’s balance sheet and have noticed a slow down in inventories. I could be way off but I was wondering while studying companies if Receivables and Inventories are important. It just makes me think if Inventories are dropping off that a company might be expecting a slowdown. Or might be having problems in producing a product. I see a huge spike in the Inventories and receivables during 2003-2004. Might this have been a spike because of high demand for whatever OVTI makes?

Another thing I was looking at is PEG ratio I see it is pretty high around 1.10. Your comments are welcome. Like I said I know enough of this FA stuff to be dangerous.

[Rob]

Ovti

Runner, I haven't looked that deeply into Omnivision's cash statements, balance sheets, etc. for a long time. I made a bunch of money with this stock a few years ago and then later on lost a lot more than I had made, so it will likely be a long time before I want to jump on that horse again--maybe never. Bulging inventories are not a good sign, particularly on products that will soon be outdated, and yes, I think they did have that problem here in the past. Perhaps they're being cautious to avoid similar problems again.

I still like to watch it, but I'm really gun-shy to ever own it again.

[Rob]

IMCL Showing Signs of Health

IMCL appears to be showing signs of health. If I'm not mistaken, it appears to have cleared the top of a symmetrical triangle.

[DSteckler]

It's now fallen back below the former resistance line.

[Rob]

Yes but ...

It's now fallen back below the former resistance line.

Naturally, it waited until the precise moment I posted to start selling downward strongly. Murphy's Law, and all that. I should point out, though, that it didn't really breach the former resistance line (yet), and there does seems to be a few buyers stepping in. I think the danger of any precipitous drops from here is reasonably minimal.