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Those buys still look good right now though.
I mostly focus on 30 or so big board stocks, indexes and volatility (think VIX and VVX) but I still have some shares here. Randomly I decided to check the board and there seemed to be some life and familiar names. I'm in the shadows but may pop in from time to time.
At minimum, the new website and latest filings are interesting.
I guess you're smiling these days when you see PSPW then.
I missed out on those 2s.
Definitely. I hope you've enjoyed your rollercoaster (that is life) since we last crossed.
Hmmm... is something happening with PSPW?
: )
Man, I was in Asia last year (on vacation - finally!) and when I was in Tokyo I saw the Pachinko places first hand. Crazy.
I was actually with my friend who has been living in Tokyo for 3+ years now - same guy who translated some KNBA documentation for me back in the day.
These days I'm pretty much only focused on Big Boards but every once in a while I check on a few people from iHub - just to see what they are looking at.
I tried to send you a direct message but apparently iHub has changed and there are certain things which have changed.
While I cannot read nor interpret Chinese, I do have good friends that could assist with that portion.
hmmmm....
On the sidelines for now.
And to Big Brother, I haven't been on iHub in years and years but I hope all is well since we last spoke.
Let's see if we can hit .04 today,,, come on guys, get this thing goin!
Concurred.
Sad, but truthful.
I just let my small position in this sit and wait. Maybe one day we'll get a nice surprise.
Congrats on the gains. Saw this at 5.60/65 range and considered entering.
Missed trade but we can't hit em all. Will be watching and waiting.
oh yeah, I told my friend whos new to investing that there are 2 stages to every reaction - 1) reaction and 2) overreaction
I said the reaction was to 4.50 and overreaction below that so it would be good for a correction.
Lucky guess. :)
hah.
but yeah, you roll in some big blocks which I hope to graduate to in the near future.
A nice buyout rumour would be great at forcing some shorts to cover and seeing us run right through the 5s.
I clearly miscalculated on my buying and ended up with an average in the 5s and holding a lot (for me) but am not too concerned.
I have been picking up shares including a lot under 4 in a different account. :)
With the way OCZ goes, I wouldn't be surprised to see a good sized run next week right into your birthday.
Enjoy your weekend man. I am about to start mine. :D
OCZ shares plunged yesterday after the San Jose, California-based maker of solid-state disk drives said fiscal second-quarter sales were lower than prior forecasts because of a shortage of memory chips used in its products. The tumble in the $294 million company’s stock to as low as $3.90 sent OCZ below its previous record low closing price relative to book value, according to data compiled by Bloomberg.
While supply constraints caused the revenue disappointment, OCZ said demand for its drives is strong and bookings are higher than expected, and analysts still project it will generate the industry’s fastest sales growth over the next two years.
yeah, that drop in revenue guidance should not translate into the drop we had yesterday/this morning.
I thought 4.50 shares were great before so I will definitely be trying to pick up more sub-4s.
LT - I believe we will be good.
ST - anyones guess at this point.
but as Adeezl mentioned, shorters made a good decision before news seemed to reach retail investors.
Keep investing; keep trading.
3.92s printing.
Just picked up a small load. Need more money in the account - just in case upcoming earnings sends us even lower.
Didn't think we'd breach below 4 but I also said to my friend yesterday, who knows, this could drop to 4.50s or below - and look what happened.
I don't think this is entirely warranted since the revised guidance wasn't a huge difference:
For the quarter ended Aug. 31, the company now expects to report revenue of $110 million to $120 million, down from its previously guided range of $130 million to $140 million. In the same period a year ago, the company reported revenue of $78.5 million.
Wow. 4.20s in AH.
Time to pick up, if not, soon.
I suppose this could be why:
OCZ Technology Announces Preliminary Fiscal 2Q 2013 Revenue and Announces Conference Call and Webcast
OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced its preliminary revenue for the second quarter of fiscal year 2013 (Q2'13), which ended on August 31, 2012.
The Company expects preliminary revenue for the second fiscal quarter of 2013 to be approximately $110 to 120 million compared to the previously guided revenue range of $130 to $140 million. This preliminary revenue range compares to $113.6 million for the first fiscal quarter of 2013 and $78.5 million for the second fiscal quarter of 2012.
"Despite achieving bookings in excess of our expectations for our second fiscal quarter, we were not able to meet our previously stated revenue guidance due primarily to constraints in NAND flash supply," said Ryan Petersen, CEO of OCZ Technology. "During the month of August we experienced a significant shortage on certain NAND flash components, based on industry wide tightening of supply, leaving OCZ with an undersupply of the 2xnm MLC NAND used in our Vertex and Agility Line of products."
"While we believe that the situation will resolve itself, subject to market conditions, we plan to hasten our transition to new process nodes in order to help ease these supply constraints," added Petersen.
The revenue for Q2'13 presented in this press release is a preliminary estimate and remains subject to management's review of the results and also review by the Company's independent accounting firm.
The Company will hold a conference call and webcast today at 6:00pm Eastern Time (3:00pm Pacific Time). The Company will host its 2Q'13 earnings call on Wednesday, October 3, 2012.
September 5, 2012 Webcast and Conference Call
OCZ will host a conference call today at 6:00pm ET (3:00pm PT). A live audio webcast of the conference call will be available by visiting the Investor Relations events conference call section of OCZ's website at http://ir.stockpr.com/ocztechnology/conference-calls, which will be archived for replay until September 19, 2012. All interested parties can join the call by dialing (253) 237-1170 or (877) 372-0867. Please call-in 15 minutes prior to the call to secure a line. To access the archived conference call, please dial (404) 537-3406 or (855)859-2056 and enter replay passcode 28030004.
October 3, 2012 Webcast and Conference Call
OCZ will host its fiscal 2013 second quarter conference call for the period ended August 31, 2012 at 5:00pm ET (2:00pm PT), on October 3, 2012. A live audio webcast of the conference call will be available by visiting the Investor Relations events conference call section of OCZ's website at http://ir.stockpr.com/ocztechnology/conference-calls, which will be archived for replay until November 15, 2012. All interested parties can join the call by dialing (253) 237-1170 or (877) 372-0867. Please call-in 15 minutes prior to the call to secure a line. The conference call will be archived for phone replay until October 10, 2012. To access the archived conference call, please dial (404) 537-3406 or (855) 859-2056 and enter replay passcode 28015300.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering the industry's widest range of solid-state drives (SSDs), OCZ features SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address HDD replacement, SAN acceleration, server and storage virtualization, cloud computing, and virtual desktop infrastructure (VDI) opportunities. Having developed firmware and controller platforms to virtualization and endurance extending technologies, the company delivers vertically integrated, customizable solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged across a wide range of client and enterprise applications. For more information, please visit: www.ocztechnology.com.
Forward-Looking Statements
Some of the statements and assumptions included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended, including, in particular, statements about our plans, strategies and prospects and preliminary estimates for the fiscal quarter ending August 31, 2012. These statements identify prospective information and include words such as "expects," "plans," "anticipates," "believes," "estimates," "predicts," "projects" and similar expressions. These forward-looking statements are based on information available to us as of the date of this release. Current expectations, forecasts and assumptions involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties and other factors may be beyond our control. Such risks and uncertainties also include the impact of the variable demand, particularly in view of current business and economic conditions; dependence on our ability to successfully qualify, manufacture and sell our SSD products in increasing volumes on a cost-effective basis and with acceptable quality, particularly our new SSD products with lower cost structures; product mix, particularly increased acceptance and sales of enterprise SSDs; our ability to capitalize on our technological leadership; the impact of competitive product announcements; our ability to achieve projected cost savings; our ability to rapidly increase our manufacturing capacity in pace with our competitors if demand for SSD increases; and our maintaining adequate working capital. We also encourage you to read our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission ("SEC") on May 14, 2012, and statements made in other subsequent filings, as they contain information concerning risk, uncertainties and other factors that could cause results to differ materially from those projected in the forward-looking statements. These forward-looking statements should not be relied upon as representing our views as of any subsequent date and we undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.
Investor Contact:
Bonnie Mott
Senior Manager of Investor Relations
408-440-3428
Email Contact
Press Contact:
Scott Harlin
Director of Marketing Communications - Enterprise
(408) 733-8400
Email Contact
getting hammered right now!
shorts are winning I think.
Damn, I think I spent too much earlier in the day on this. Going to wait a bit before picking up more.
Picked up a small lot in one account.
The account where I hold a lot of OCZ is almost depleted of all cash and I need to make sure I have some just in case OCZ sees 5 or below.
Testing 50 day SMA as support at 5.51 now.
Just picked some up at 5.53. Thought I could get the 5.51s but failed on two stabs so settled a bit.
Seems like fairly strong downward pressure at the moment.
Edit: keeps dropping - would like to see it close above 5.48/5.52.
Nice buys.
I pulled the trigger slightly early (due partially to work comittments) but got some at 5.63 and is back at 5.62x5.63 at the moment of the 5.56 kiss.
Time for lunch - will check in with OCZ in the afternoon.
hmmmmm.. 150k shares is a good chunk of change.
5.63 new LoD just printed.
Yeah, I was very close to pulling the trigger on my smaller trading lot picked up at 5.57 the other day but decided I would see what happened after the markets opened.
We have been staying between 5.52 and 6.05 for 9 trading days (not including today). Will be watching to see if the close is above 5.52.
5.65/6.7 is holding for the time being so I may add a bit to my so called 'short term trading lot.'
Awareness would be nice.
Yeah, I picked up a trading lot at 5.57 and had an order in for 5.51 which just missed the low.
Let's see what the short week brings us.
Yea, I missed the dip to 5.6x's but may end up getting some here at 5.70-5.75 as it seems to be holding for the moment.
Still early in the day with markets pointing down but we'll see. My last trade was buy@5.61 and sell@5.94 so maybe I can do another similar one.
Let's see how the rest of the morning goes. Hoping to have some time to check in later in the AM.
Might have to join you. I actually pulled this chart up today for a moment before lunch.
Will have to review it tonight. Need a couple more options (stocks) to play as for the past month I've only traded 2 of them (OC* and FI*).
OCZ is definitely a prime acquisition target and yes, there are probably a couple different companies looking it at it and the possibility of buying it.
That being said, this stock has a good amount of volatility which allows traders to capitalize in the short term.
As a result, I have a larger lot (as compared to other plays of mine) where smaller portions are flipped but I keep some almost at all time just in case an acquisition hits or OCZ smokes analysts expectations.
OCZ in the LT should go up but with todays society and economy, things can change quickly.
And lastly, one of the most important lessons I learned the hard way (over and over and over) was to always take profit when you can. You don't have to take all of it, but take some.
Best to you mr SS.
Really??
Picked up a lot of 5.61 yesterday and just sold for 5.94.
Still have a lot more, but it looked like 5.60 was a good support yesterday and we are at 6.00 at the moment.
Test 6.10 next?
Good to see you around TBT.
WAFR will continue to work on the merger and other developments regardless of ridiculous acquisitions and claims of 'facts'.
Hope all is well with you.
Seems to be holding 5.60ish all day with slight dip to 5.51 and early morning jump to 5.81.
Picked up a small lot at 5.61.
Let's see what they can do at the FMS today and tomorrow. Good news and we see a nice run and test 5.95 again followed by 6.10.
OCZ Pulls Out The Guns At Flash Memory Summit - FMS 2012 Update
http://thessdreview.com/daily-news/latest-buzz/ocz-pulls-out-the-guns-at-flash-memory-summit-fms-2012-update/
Nice pullback after a blitz to 5.90s.
Will be watching AH when I get home.
Still got a good sized chunk and definitely in the green at these prices. Already sold 1/4 of the shares I had (some Friday, some today) but always looking for more opportunities.
Lets see what OCZ and FMS have in store for us tomorrow.
what just happened?!
I had a sell in for 5.60 and didn't think it would get hit after we lingered in the 5.30s. I just checked right now and bam, HoD is 5.86 and we sitting pretty at 5.80 right now.
Lets see if we can test 6 and then 6.30 +/- 0.05 today or tomorrow. :)
Enjoy the trading boys and girls, gentlemen and women.
Loving OCZ this summer.
Yeah, I was waiting at 5 in the AM to pick up the 5.35s I sold at the end of last week but the reversal happened at 5.05.
Not sure what's happening but would love to see 6 again before we dip. I love 4.xx's here.
OCZ getting some love from Nippon Rad
http://www.streetinsider.com/Corporate+News/OCZ+Technology+(OCZ)+PCIe+SSDs+Selected+for+Use+by+Nippon+Rad/7672250.html
OCZ Technology Group, Inc. (Nasdaq: OCZ), announced that its Z-Drive R4 PCI Express (PCIe) SSDs have been selected by Nippon Rad, a leading solutions provider in Japan, for their Pedicss PC platform. As a hard disk drive (HDD) replacement for this platform, the implementation of OCZ's PCIe flash-based solid-state cards enable significantly faster read and write data access times, accelerated application performance, enterprise-class endurance and reliability, low power consumption and quiet running operations.
Loving the action today here.
Will look to take profits in the afternoon as all accounts I hold OCZ in are green.
Let's see if the resistance can be broken in the 5.40/5.45 area and possibly the 5.58 100 day SMA. The bullish reversal hammer 2 days ago is a good sign of a nice sized bounce up and if we can break and hold above 5.58 today or monday, we are in very good shape for a run at 6.15/6.22.
As always gentlemen, take profits and enjoy the game. We all want more in this shhh.
:)
is this a party I need to be joining for some trades!
you've led me to some nice other plays w volatility perfect for a trader and a quick skim of the board shows that this could be one of those, juts not technology based.
might have to put this on watch.
just been trading and rolling profits back and forth between my two technology plays, Fxx and Oxx.
keep doing your thing man. i appreciate it - even if no one else does, hahahahaha.
Yeah man! Got to love the volatile tech stocks which provide trading opportunities over and over.
Nice trades.
Weekly looks like we could hit sub 5 again very soon and the boat will continue to be loaded.
I am looking to sell a good chunk above 5.50 but will be watching the daily and intraday charts for signs of strength and weakness.
Yes sir!
I would take that kind of blowout with my big lot of OCZ shares that I have been trying to stack at 5 and under.
Hoping we can push up above the 100 day SMA of 5.59 next week and maybe even test 6 so I can sell a good sized chunk of my shares.
Don't trust the market at the moment and could see another OCZ dip to sub 4.50 within the next couple weeks. That will be a great buying opportunity if it happens.
Do you even know what a CoB does and as a result what Gen. Stafford would be involved in with WAFR?
Judging by your previous post, it would appear you don't quite understand what a Charmain of the Board does.
I would suggest doing some research on their role and how it does or does not apply to filings. You might just end up answering your own questions.
Just some food for thought. :)
Yeah, picked up some up at 4.66 (PM order I had set) and just recently at 4.51 picked up even more.
Would not be suprised to see it drop down to that 4.20ish mark before bouncing.
Downgrades, red markets, bearish trend (below MAs, MACD, CMF) leading to a dip.
Shorters probably enjoying this as well.
4.14 and 4.21 have been the low points this year.
Look for this to hold if it drops that far.
Yeah, picked some up at 4.82/4.83 right at EoD.
These shares may just end up getting flipped but another run to >$6 would be even better. Hah.