Can someone help me understand how STX earnings call has become a special announcement for OCZ/ STX? Sometimes I wonder about the investment community and what people really think...
people have convinced themselves that OCZ has been bought out.
I am hopeful, but I think and equity stake with further dilution makes more sense - but I've been wrong so many times before with this stock...
1) company has been acting strange (or not as they had been for the prior two years) since just after their secondary.
2) all company/corporate share sales have stopped since 04/12 (previous to that every month shares were being sold)
3) zero PRs from the company, prior to April the company was announcing wins almost weekly
4) the leak - certainly there is a register connection (fud/bsn/register) doesn't make it true, but certainly as 40+ million shares have traded since 07.19.12 without the floor falling out it was enough to get shorts to start covering.
5) cancelled road show? (Arthurs' a pain in ryan's neck? or why couldn't Arthur run the show?)
6) new job openings in the face of continued high levels of cash burn.
we've had a ton of conspiracies before. Its hard to say if this is real.
But I agree - the STX earnings call is the STX earnings call.
There sure are a lot of leaks .
So what happened last THURDSAY ?
$0CZ fell under $5 and was down .
On Friday more upside . Huge .
Does STX always leak out one billion dollar deals ? Or does OCZ ?
I'm long but I don't see the shares going over $12 .
So I'm in the minority . Folks are posting $15,$16,$17. STX does not need to offer that kind of premium ...in my opinion .
We shall see .
Ps ...what happens if no deal on Monday ?
What if its been delayed
Are you going to sell ? Or hold .
Theo tweeted about it: https://twitter.com/theovalich/status/229270261294317568
Confusingly, the Stx's website mentions a subsequent conference call after their earnings also, but it turns out that they use this same terminology every quarter so there's no information there.
I agree with your observation that OCZ is not mentioned in STX notice of a special investors announcement to be made at 2PST after the earnings discussion on Monday (it is not the earnings call but the special annoucement that has caught the eye)....So, folks have made the assumption it involves OCZ..Howwever, OCZ has also canceled a planned event to discuss their company with Credit Suisse ..One has to conclude something might be cooking between the two, but who knows..The speculation is rampant.
I agree . Folks are connecting dots .
So if no deal next week .....does OCZ crash .
I've rarely seen takeovers BE SO TRANSPARENT !
good trading . I believe something is going on .
It's odd that the exchange did not contact OCZ about trading activity on Friday ....of course the answer is always ...we don't comment on market rumours . Regards
MM need to make money as well .
I suppose it cuts both ways manipulation on downside and upside .
All the best .
You did note many call options were up 1000% or higher on Friday .
Remember its a game . It's always easy to buy ....very few investors have an exit plan . Imo .
I just hope this thing will skyrocket end of the day Monday. Im hoping $9+ atleast. In that way
if news don't hit I will have some kind of insurance to get out at around $7-$8. I'm saying this cause i'm in at low $5's. But I know news will hit... too many infos rallying till monday conference
I have heard firms do acquisitions after earnings .
It's rare but has precedent . Should earnings be exceptional and the deal is done ? Why not .
Especially if cash + stock are involved .
Again don't know . But if ....if true why not do both when all the analysts are on conference call .
I must say the volatility in OCZ options sure spiked from Thurdsay to Friday .
Above is my opinion only .