One of the largest Hedge Fund managers in the world is more likely paying one or more people to post negative comments on this board. The purpose is to instill fear and doubt into the OCZ owning community. We need to make people continuously aware of who this person is until this game stops.
Keep this information at the top so that other people can read it. The person behind this blatant manipulation is most likely:
Steven A. Cohen http://en.wikipedia.org/wiki/Steven_A._C... American hedge fund manager. He is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies.
He has an estimated net worth of $8.3 billion as of September 2011, ranked by Forbes as the 35th richest man in America.
Owns 3,711,431 shares OCZ which is 5.5% float of the stocks float http://www.sec.gov/Archives/edgar/data/1...
when a huge hedge fund owns so many shares, stock price is likely manipulated on low volume. weak markets help with this too.
Steven Cohen likes OCZ because it is so cheap!
Chat boards do not move stock prices. Events and Institutions do. The facts are that the company has had a single quarter of a 1 cent profit and the rest have incurded loses. The company at this point has not been able to show that its model is structured to make a profit. A fair market value for this company is somewhere near $5. " Interest Coverage ratio is only 0.74, which means that it does not earn enough from day-to-day operations to service its debt. However, the Quick ratio shows that the balance sheet can make up for this shortfall as there are enough liquid assets to satisfy current obligations." Its gross profit margin is about half of what it needs to be.