Sold at $2.20 for a small profit. And while the news is a bit bleak and the future is unclear, I'm wondering whether this is the time to buy back in. Buy low, sell high and all that. Plus, there's the last minute presentation tomorrow.
So, what are you guys doing? Obviously, there isn't a whole lot more DD to be done so it's all opinion and speculation at this point. Thanks.
You never know what will hapen but the bottom has been forming upward for about a month or two. From the 1.60 area to 1.90 area and then looks like a 2.00 area and possibly 2.09 to 2.20 area but I would say 2.00 for right now. I have noticed that stock with heavy short volumes seems to form bottoms before they form tops and it usually takes longer. Fuel of ignition is probably not until the 2.70 area now that was probably apart of the artificial inflation a few days back. I would always buy in thirds and see how it goes.
Don't pick the bottom or the top and you will do better over all. With that said I would suggest waiting until OCZ raises their next round of funding. You will pay more but you will be starting from a more solid base. With money in hand and a re-energized team this company can far exceed the premium you would pay while also better managing risk.