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More filing delays.. unbelievable. This just gets harder and harder to watch.
Exactly. Why the hesitation? There really couldn't be a much better price to facilitate a buyout... or could there..
Seems like that would be ideal at this point.
I suppose but that extension was already a decent amount of time. They really don't have much of an excuse for missing it other than negligence or incompetence. I hope I'm wrong. It's frustrating to watch this play out knowing they have a good products that I've personally used for many years. I suppose time will tell but I think this will break most longs confidence without a managerial overhaul.
Got to say... OCZ management really have their heads up their asses right now. Clearly it wasn't enough time to cover up the financial shenanigans. This will create some volatility for flippers but the investment value is gone here until there is a significant change in staff. What reason would Nasdaq have to halt delisting?
No doubt. I was hoping we'd see some more volatility here after that news but it was short lived. Waiting and watching
Big drop on small volume to close that gap. Bring on the bounce.
Looks like they're working hard to close the gap.
Beautiful way to break the silence here. Looking forward to the run.
OXF still running. Good call on the bounce
With speculation on currency inflation, industrial demand and fear. And are you talking about the SLV chart? USLV, AGQ, ZSL, DSLV? Because they all tell similar but different stories based on the moving averages. I personally don't think the significance of charting signals like a death or golden crosses or gaps are very reliable due to the variety of leveraged funds trading the same commodity. Traders shift between these funds frequently so while I believe chart patterns still hold truth I think the moving averages and gaps have less significance here. To me, paper silver plays like a volatile manipulated penny stock but that's why it's fun.
I'm a strong believer in charting for normal stocks with a single point of entry. Silver, however, trades continuously worldwide through multiple leveraged funds. I do not believe that a death cross has any significance whatsoever on the decisions of paper silver traders. But spin it however you like.
I think the run to 15 was the PS4 being baked into the price in advance of the meeting. People bought on rumor and sold on news. Unfortunately the overall market appears to be correcting with tech stocks taking a big hit all around so the timing of the event was coincidentally bad. It's pretty oversold so I'd expect to see some support in the 13.50 area but that also depends on how much doom and gloom the media focuses on in the coming weeks. Sony is still upside down so if the market turns ugly again it could stand to hurt the recovery here. Hoping this is just a bump in the road.
It seems to me that a lot of people have been buying SNE as a speculative play. The financials have sucked for a while so its no surprise that they are still aren't quite on track.. however.. they have made some pretty large steps in the right direction lately by selling assets and spinning off business units in an attempt to regain control of the mess they're in.
Combined with the prospect of the PS4 being announced on their mysterious Feb 20th meeting it makes for a tempting rebound play from 30 year lows. I mean really... it's Sony we're talking about. Does anybody realistically think Sony is going to go under? I personally don't think so. Lots of room for recovery here.
But look at that move from January! This thing has been a beast and the chart is screaming overbought. If people were looking for an opportunity to sell on news.. that was the news. It needed to take a breather and find some support. A minor retraction could take us to support at 14.60 but we could also retest 13.50s or even 12.40s and still have a healthy chart. But keep in mind that the PS4 meeting is a pretty big deal and still 2 weeks out. Lots of time for a healthy correction and another push on hype and speculation.
Sony is going to get pretty volatile. But that's half the fun, right? Hang in there bud.
It looks like Linquist has been taking a dump on his shareholders at or near $10 with every chance he gets. Not that I blame him... i'm just not sure that's going to inspire a lot of investor confidence to break that level
Lol. Sup deez! Great to see you playing the momentum bud. Perfect storm for this sector lately but nothing goes up like that without some panic drops along the way. Fast money with the right timing.
Nice. I think I bought some of your 31s and sold them for 35. I love the bounce after a big dump like that. Great fast trades if you can stomach them.
Lol. The whole sector is getting high. Looks like several could defy gravity this week. Wouldn't have thought such a parabolic move would continue into Monday. GLTY sir
It doesn't look like the chart supports that move just yet. Too much indecision today at the .07 level and likely to pull back next week for a breather. Not saying it's not possible... just doesn't look like it will make that move without a break first.
Don't they all?
Yeah.. These takedowns are getting annoying. That gap was ugly but gaps down are usually good for buying opps so that's what I did.
All just little bits of history repeating
We've seen it before.. And we'll see it again
lol.. this whole sector runs on contact highs
I hear ya.. but it is what it is.
It can be frustrating to watch these pennies bleed out for months but that was a huge run in October and you've got to expect at least a 60-78% retrace after a monster like that. So far the retrace is holding and that would attract people watching for (or setting up) a breakout run. I like what I see and I know i'm not the only one paying attention. Just keep your eye out for some big volume and be at peace with your investment. It's always a risk in penny land but patience prevails.
Doesn't make sense to try to talk down a stock that you own. Seems to me that you're making a lot of noise over a penny stock that is trading better and more consistently than most in this market. Take a break.. smoke a bowl.. and let this play out.
They actually gave me a few 2.10s on that dip. Hoping my prediction holds up now cause i'm about to hop on a plane and won't see how this plays out. Bracketed and walking away..
Have a great weekend bud!
I have a feeling we're going to see a similar pattern as the move in early to mid December. Curious drop at the end of an indecisive day. Maybe slightly green tomorrow but a retest of 2.10 seems possible and strong resistance at 2.40 likely. But the volatility is nice after such a stagnant January.
Not everything is so black and white. Value is determined by what someone will pay, not by what some court document says it is worth. Anything can happen in Q stocks.
Seems ok considering the move up was driven by short covering more than news. But I'm also hoping to see the 2.20 support hold. How we close will be important. If they get this back down to 2 I would be surprised
Well so much for that..
Just a short covering for now
Gap down to reset the chart?
Increased my position at 2.35. Don't fail me now..
No doubt about that. Going to keep swing trading it until we get some solid financials but not letting go of a core here. This is easily a $4-6 stock for 2013. Today should be very telling.
Closing in on 3 with a quickness
Way to play it bud. Flipping some but holding long. OCZ just has too much under the hood to ignore the potential for a much bigger move. Speaking of charting... The setup here looks an awful lot like Sony just before liftoff. Cup and handle if you please
Nice buys rolling in. Looking forward to a new range
Definitely didn't expect this move today. Something brewing here?
Low volume breakout before earnings? Something stinks about this move.
Nice flurry of news lately. We're definitely building some anticipation for a nice move.
New products unveiled at CES.. new products from Intcomex.. a SMART new salesman.. reduced loan terms.. and highly consistent audit results sounds like a sweet setup for a retest of the 200ma. A little volume and we roll.
I think that's a reasonable expectation. I have a feeling that we'll see this drop to retest a lower support in the 1.60-1.80 range before launching another attack at the 2.30 short term top. If we break that then I think we close the gap to 3 very quickly followed by some attempts at 4 if the financials are solid. I think OCZ has a solid position in the market and even if the revised financials suck we should have most of that factored into the price already. Just a guess. I could be wrong.
Exactly. You can't take back what is already out there but you can slow down new physical sales to curtail investment demand. I hope it runs too 100 too but wouldn't be surprised to see some restrictions kick in at some point to reduce costs for industrial use. Either way, as long as JPM is involved we're all on toads wild ride.