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Hey buddy,
Stop by more often with news an such............
I like SONS,
Fletch
The market thinks......it's a pos..........not I......Can it break 20??.....40? :>)....just NOT yet................
Just saw some TV news on China and Wal-Mart..................
All I can say is..............................................
Buy American,
Fletch
Or............they will own.........ALL of ......us............ :>( ..... us = usa
Not to rub it in.....I'm not in it......just showing what is...
IS,
Fletch
Those going up......tend to do so........Is .....has nothing to do with Willie (Mr. Cigar) Clinton
2006 started off just fine with me...............
I'm sure some bears aren't that happy......
F them,
Fletch
Hey mjk,
Yes ......it's another new high maker.....if I could only own them.....
all,
Fletch
What a pop from the 10 base!
It was a bear party..................
until they started frying,
Fletch
New name for Unova.... Intermec Inc ..... http://tinyurl.com/a2e9w
Now I wish I kept it all.........
Hey buddy,
I hope.....we here....you....are right........especially wahz!
Just......never count the chickens before they hatch...er...ah .. are sold,
Fletch
Nice chart repair........the new QCOM...........?
$ in hand worth 2 in bush..............Confucius?
Man on Alligator ........ better off............?
Hey wahz,
Hummers are cool .....as are Corvettes...........I think GM, Ford and Chrysler will make it......it's just going to be very tough......Good move to buy only a 1/3 position IMHO........I have 3 main reasons US car companies will have it very tough for awhile.
1. US car makers are in a battle for survival......because it costs $65 and hour labor here and $3 an hour in China.....outsourcing must continue........faster.......
2. Our present car buying generation thinks anything foreign is better or cooler to own then our own home made cars. BMW, Lexus, Mercedes, Acura...... I remember when my grandfather had several Caddies.... It was THE car.......Few today want a Caddy.....or Continental for that matter..... Marketing is trying to make new images......
3. A huge group of US car workers getting ready to retire. Honda and Toyota open plants here and make money.......they don't have the union fringe benefits and all the retirees....... awaiting in the wings.
I like this as a turn around play.........I'd just wait until the earnings start looking better.......
From Market Watch,
Fletch
http://www.marketwatch.com/news/story.asp?dist=¶m=archive&siteid=mktw&guid=%7BBFB592...
Most of us love pizza......I like that PZZA chart........
another breakout,
Fletch
The cups.....they burstest over.................
Anyone like Pizza?
Fletch
Hey Mike,
I've been doing some of that........SBUX......HMC.....SNE......
DRI......
Fletch
Starbucks was a pick my wife made.....lol.....She's good! We don't talk about MSO and KKD tho......
Hey Keller,
Thanks for offering your opinion! I was a little surprised GLW broke 20....... It's for a longer term hold.......I'm putting GG profits to work and I have a hard time holding cash for an extended period of time. Some cash still in hand and looking......
Merry Christmas,
Fletch
On entries.....I'm OK on some.....I bought some GLW today. Corning is working on new exhaust emission systems for diesels.
A very smart company,
Fletch
Might build another trading range or..........
Hey................I'm thinking to add GLW to my ports.........
Any thoughts,
Fletch
Hey bfenton,
Yes, the list is fairly accurate and up to date. I still hold a little too much GG. I added some more CAMP to one port Friday.
Today isn't being real kind,
Fletch
BEAS,
Fletch
BEA Systems Inc......cup with formation......needs to get by 10
Cramer?
I think he's a jerk........TheStreet.com, Inc.......but.........
It's the chart,
Fletch
A new high on this Darden Lobster play.....handle never completed.....I'll take it!
My take on FNSR.......lots a buying going on.......in the mo....
A hold for now......JMHO...
Get back in,
Fletch
Hey Cortisone,
I sold all OVTI awhile back after I read this...
http://tinyurl.com/bf9yh If link doesn't work....copied below....
The chart looks real good and wedged......I just don't like staying in ones I'm way up on......
that leave gaps.......but earnings aren't trusted......
It could be a buy tho,
Fletch
OmniVision gets more ominous
Commentary: Time will tell who gets the last laugh
By Herb Greenberg, MarketWatch
Last Update: 1:22 PM ET Dec. 2, 2005
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Editor's note: This is a free version of Herb Greenberg's RealityCheck. Click here for information on how to subscribe.
SAN DIEGO (MarketWatch) -- "Give it up." "Walk away." "You fool." "Hardee har har." And so goes the steady stream of love letters from Yahooligans who are, no doubt, fans of OmniVision Technologies.
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They are also a throwback to the good old days of the Hostile React-o-meter, one of this column's great contra-indicators, which is spinning outta control -- outta control, I tell ya!
On Thursday afternoon the company, whose products mostly go into cell phones, reported what appeared to be a blowout second quarter. The company then increased third-quarter guidance, which was (wink-wink, nudge-nudge) conveniently (and suspiciously) transmitted by several analysts in the days and weeks prior to the actual earnings release.
On Thursday afternoon the company, whose products mostly go into cell phones, reported what appeared to be a blowout second quarter. The company then increased third-quarter guidance, which was (wink-wink, nudge-nudge) conveniently (and suspiciously) transmitted by several analysts in the days and weeks prior to the actual earnings release.
That one-two punch of better-than-expected results and higher guidance caused OmniVision's (OVTI:
omnivision technologies inc com
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11:13am 12/15/2005
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OVTI20.53, -0.12, -0.6%) stock to surge even further. Friday morning alone it rose more than 18%, to above $21, putting it several points above where it was a year ago when it first landed on the Watch List of my subscription newsletter, Herb Greenberg's RealityCheck. So what if it fell below $12 in the wake of a continued deterioration in earnings quality.
Earnings quality, in fact, is the reason OmniVision hit this column's radar in the first place. Enter the most recent quarter. The company boasted higher-than-expected gross margins. That's good. But the higher margins came despite an 18% quarter-to-quarter slide in average selling prices.
That simply doesn't make sense, especially at a so-called "fabless" chipmaker like OmniVison, which doesn't do its own manufacturing. Such companies historically live and die by pricing: The higher the pricing, the better the margins and profits; the lower the pricing, the worse the margins and profits.
Yet here's OmniVision, with prices falling and margins rising in a capacity-constrained industry that has growing competition.
Is OmniVision really an exception to the rule? On the company's earnings call, CFO Peter Leigh suggests it is, saying that "we've been successful in driving down our production costs at a rate which is faster than the sales prices are declining."
But he offered no detail and even contradicted himself in his prepared presentation, when he said, "The decline in the average selling price reflects principal changes in product mix and to a lesser extent lower prices in the marketplace." Then, three sentences later, he said, "The increase in our gross margin was principally due to a favorable product mix and better production yields."
So, on one hand he said the decline in selling prices reflects an implied worse product mix -- or more sales of lower-priced, lower-margin lower mega-pixel chips rather than higher-priced, higher-margin higher mega-pixel chips; yet on the other hand he said the increase in gross margins reflects a better product mix.
You can't have it both ways! No way. No how. Can't happen. Prices were sharply below what even the most bullish analyst, JP Morgan's Paul Coster, had expected. Yet margins were higher than he expected. And even he, in a note to clients, didn't seem overly enthusiastic that OmniVision's diversification of sales to still-camera makers has gone backwards.
Other analysts, in their notes, are dubious of the company's ability to sustain whatever momentum it currently has. I say "whatever" because this is a company that historically has buried the real story in its 10-Q, which won't come out for several weeks. Last time there was controversy over what Leigh said on the conference call about sales of previously written-off chips versus what was disclosed in the quarterly filing.
Can't wait to see what it'll be this time, which is why I don't give it up, don't walk away and accept looking like what some would say is a fool. As for the hardee-har-har: We'll see who gets the last one.
Herb Greenberg is senior columnist for MarketWatch, based in San Diego. He does not own stocks (except for shares of his employer), and he does not sell stocks short or invest in hedge funds.
Gold top might also be in......sold a lot of GG today around 21.45........might buy it back........might just buy more AKAM or UNA.....who knows......lots of good charts out there.....
Best wishes and HAPPY HOLIDAYS to all,
Fletch
Hey buddy,
ISYS.........I don't know your pain.......but it looks like a very nice long wedge formation.....when in doubt.......I hold....... there is almost always a better exit waiting......
Hold it now,
Fletch
SNUS!........just kinda sounds like it could cause a sneeze,
AAhh.....choooo,
Fletch
Charts not bad.............on my watch list....thanks buddy http://www.jibjab.com/Home.aspx
Just how high can the gold shorts get squeezed????,
Fletch
I dunno.....but they must be in big pain.....way over 500...........
My SCMR green too, :>)
Fletch
Another breakout with fundies...........
SCMR held up well against the tech sell offs too. Right now AVNX, JDSU, MRVC, FNSR, BKHM and others......all doing well after a long base building.
I chose AKAM to add to Monday,
Fletch
Needs to take out 5.....
I own Honda,
Fletch
Not as good as TM.......but I'll take it......
US car companies headed for oblivion?
Fletch
Oh what a feeling ....~#@=%^&~...........TOYOTA
OVTI gone........sold it all......Now looking at UNH, AKAM, SOSA, AQNT and CRDN........Or maybe add to JNPR, NDAQ, UNA.......
Any opinions??,
Fletch
http://tinyurl.com/bf9yh
CAH, DRI and CAMP ok today....
The chart knew,
Fletch
Must take out 32 now.....
Many more this month..............................
more likely this month then any other....for the bulls..Let us be UP...........A VERY...VERY
Merry Christmas,
Fletch
:>) HO HO HO!
I don't mean us wolf packers knew...I mean they knew "The market"........
SOMEONE LEAKED,
Fletch
My hidden message is...trust the chart.....it really does "know"..............
Lots of big mouths out there....."They" knew way before.....
or so the chart says,
Fletch
A few more days like today....will be MUCH appreciated...........
Hey dis,
If I was trading in and out shorter term? Yes, a flag or two is up. I've had good luck staying in the strong charts and trimming after it's a double. I'll use the 50 day as a line in the sand at times. It depends on the play. Google was down graded and it's good run was over due a pull back IHMO.
Still holding it,
Fletch
Yes, both money flow and on balance volume are in positive territory......so not to worry.....SCMR was in a good incline before the earnings.....now a gapper up makes it more interesting......
Lets hope the funds like it,
Fletch
SCMR does OK,
Fletch
GOOG offers a entry?
A......very......very........big........candle........,
Fletch
Have a very Happy Thanksgiving everyone! Off to see NYC daughter.
Nice breakout this AKAM,
Fletch
This one motoring up lately too.
A couple of high yield plays,
Fletch
This making a nice cup.......earnings OK....
No overhead if it takes out 30..........pays big divie.....
wahz,
Another runner or two,
Fletch
This one has earnings coming up.......they must expect good....
This one safer...........it's running on it's earnings.....