What it tells us is what a complete and moronic device the "market" is for actually valuing a company. NO WAY is the real, inherent value of the underlying business worth 30% more today than it was yesterday. They "beat" by $10 million on the revenue side and added another $50 million in revenues over the infallible analyst estimates. For this the stock goes crazy and adds $600 million to an already bloated market cap? Insanity.
OCZ added more than $200 million to their full year outlook over the idiot analyst projections and it has dropped like a teflon-coated stone. The "market" is saying OCZ's forecast of $600 to $700 million in sales is worth 90% LESS than FIO's forecast of $530 million in sales. What a complete crock of smelly, smelly shinola THAT is.
I agree, look at their sales. They have a great R@D department and gamers appear to love their cutting edge technology. Our number one problem is management is greedy and rather aloof towards the shareholders.
Most of the people on this message board are paid posters who don't know anything about technology or markets. They are here to drive the price down so shorts can cover prior to the stockholders meeting.
This is a great time to buy OCZ as the price won't get much lower anymore.
Good comment. I was getting so bummed-out with this latest decline and poor PR (in my opinion) that I was forgetting the big picture. I'll just start drinking early today and forget about OCZ for a couple of months.