Replies to post #1120 on OCZ Technology Group Inc fka OCZTQ

[a r]

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.

But as we saw with the last set of financials (I believe), OCZ can take a tumble quickly.

As long as we don't have a bigger global meltdown before end of 2012, I see OCZ returning to 4s, 5s and 6s.