Nah it's just the last pump from 'throw us a bone' news that's my call. Daytraders are trying to make a few pennies here. No news after-hours or tomorrow and it dumps real hard. The thing is floating on a rumor right now.
Besides the 'probe', what's to justify holding this push? I don't buy it, nor do I see OCZ ever selling out to the big guys they've been fighting for years. We just saw earnings and where it put us.
Seagate/Western Digital need to bleed real hard. If rumor is true and OCZ gets bought up, ok great we made some dough, but I'd definitely say it sucks that they had to sell out.
As we know, insiders already have dibs on if it's a done deal or not. So they're either letting it consolidate at $6 for less profit taking on any potential acquisition news, or it was just a ploy to boost the share price.
Disclosure - Of course i'm long OCZ
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