13D filed earlier today. Surprised nobody commented on it.
Roxbury Capital Management over 5% stake in OCZ and expect some followup filings.
Once this hits the wires expect a nice spike.
Roxbury is no jole and very conservative in their approach so this surprised even myself. I added significantly today to my position.
The 13 G/A just filed by Roxbury Capital Management clearly states, that as of 12/31/2012, that they own zero OCZ shares.
One just needs to understand the purpose of the various SEC forms and then read them carefully (Hint: note all the 0 entries)
A 13F filing is a quarterly filing required of institutional investment managers with over $100 million in qualifying assets. It provides investors with an inside look at the holdings of Wall Street's largest investment managers
FYI, Roxbury Capital Management sold all of its 3,034,224 shares, during the quarter ending 9/20/2012, per a 13F filing.
A Schedule 13G must be filed, on an annual basis, when a qualified institutional investor exceeds 5% of a class of outstanding registered equity securities.
However, amendments are also required when ownership substantially changes (e.g. increases or decreases by at least 5%).
This13G/A filing is an amendment that states the have sold their prior5% position and are no longer have an investment in OCZ.
Can't believe guys like gatorlabs75 buys the stock based on the filing without even reading or understanding it. Beginning to wonder what kind of shareholder base OCZ currently has. All the smart money has left. Even Gruber McBaine sold a big chunk of their holdings and they are one of the best long-term technology investors.
According to the filing, Roxbury liquidated their remaining 293,955 shares as of 9/30/12 and now own nothing. Also SAC Capital (another well known hedge fund) sold their remaining 1,957,000 shares and own nothing as well.
We all saw the 2 million share spike on the morning of 1-10-13 in about 20 minutes, bought it up to the $2.19 then disapeared. Saw several smaller spikes since then and thought it may be the same buyer coming back with some MM help, now it is confirmed. Word gets out and there were be more new money coming in, going to be harder for shorts to cover when fighting new money on the upswing. Going to be exciting times.As predicted.
Sentiment: Strong Buy
Do any of you numbskulls actually read these reports? The filing says that they no longer have a %5 position in OCZ! They sold out of their existing position sometime at the end of last year.....This will have no impact on the stock, hope you bought the shares for other reasons.
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x ."