Today's "Street Chatter" from Schaeffer's Investment Research focuses on: CryptoLogic (NASDAQ:CRYP), Ford Motor (NYSE:F), and OmniVision (NASDAQ:OVTI). "Street Chatter" is a report that analyzes three newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

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Street Chatter:

1. Canadian-based CryptoLogic (NASDAQ:CRYP) manufactures software for the casino and gaming market. This morning, the lone analyst tracking the security, Desjardins, downgraded its rating on the stock to a "hold" from a "buy."

The shares initially dismissed this disappointing news, shooting higher out of the gate to achieve a new annual high. Quickly, however, the tides turned, and the stock settled lower. In late-afternoon trading, CRYP is in the red by nearly six percent. CRYP does remain above the 20 mark, which acted as resistance in mid-April. Additionally, the shares are trading back above their 10-week and 20-week moving averages, trendlines that have both returned to their formerly uptrending ways.

Options players have shown scant attention to the stock, with less than 1,000 open positions among all options with less than three months until expiration. Short interest is also hardly worth speaking of, as the fewer than 0.05 million shorted CRYP shares could be repurchased in less than one session at the stock's average daily volume. With the stock reaching new highs amid little-to-no notice from Wall Street or Main Street, this could be an intriguing name to watch in our contrarian view.

Click the following link to see the Weekly Chart of CRYP Since March 2003 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=11892 .

2. Ford Motor (NYSE:F) said Wednesday that its domestic vehicle sales dropped 7.3 percent, with car sales slipping 13.9 percent while truck sales declined 4.3 percent. Lines seeing notable weakness included Taurus, Focus, and Excursion. For the first quarter, F officials project an eight-percent decrease in production on its vehicle assembly lines.

F is trading near the breakeven mark this afternoon after slipping lower just after noon Eastern Time, when the firm's sales numbers were released. The shares are trying to fight their way back above their 10-day moving average, but continued resistance lies in wait overhead at the 14.40 area. The stock has been unable to convincingly hurdle this threshold at any point over the past four months.

On the sentiment front, pessimism is hanging fairly thick in the air above F. The Schaeffer's put/call open interest ratio (SOIR) for F stands at 1.30, with total put open interest outweighing call open interest by a margin of about four-to-three. This reading is higher than 84 percent of the past year's worth of SOIR data. Additionally, the 93 million F shares sold short comprises over five percent of the equity's available float. At Ford's current average daily volume, it would take these bearish investors more than eight trading days to cover their positions in the event of a rally in the stock. Wall Street is also skeptical on the shares, with five "buy" ratings, seven "holds," and three "sell" designations.

Click the following link to see the Daily Chart of F Since August 2004 With 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=11892 .

3. Semiconductor concern OmniVision (NASDAQ:OVTI) stepped into the earnings confessional last night and declared second-quarter results of 28 cents per share. This was a nickel better than last year's per-share figures, and surpassed analysts' consensus estimate by four cents per share. Revenue ticked 8.3 percent higher at the company. Looking to the third quarter, OVTI expects earnings of 24-29 cents per share, surrounding Wall Street's forecast of 26 cents.

The stock has gained nearly 10 percent today and is making headway toward the 21.395 level, which defines a 50-percent retracement level between the equity's December 2003 peak and its August 2004 low. OVTI has been mounting a solid uptrend since mid-August and has overtaken support of its 10-week and 20-week moving averages. Still hovering overhead, however, is the security's 20-month trendline, which has served as resistance since mid-June.

Earnings-related euphoria has sent options speculators into the OVTI puts today. The December 20 call, heretofore home to 16,700 contracts, has seen more than 17,500 calls change hands today, some of which are statistically likely to translate as new positions. The December 17.50 put is also getting a bit of attention. Prior to today's activity, the SOIR for OVTI stood in the 46th annual percentile at 0.82. On the short interest front, the equity boasts a short-interest ratio of 6.3 days to cover. Also, the 18 million OVTI shares sold short represent more than one-third of the stock's float available for public trading.

Click the following link to see the Weekly Chart of OVTI Since November 2003 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=11892 .

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method .