It matters short term and can start anupward trend. In the end fundamentals matter, however, creating technical buying points brings in volume and supports the stock's direction.
I said we needed this spike down to create the handle on the cup and handle on stocktwits yesterday. Believe it or not this news may have helped us from the handle and gap up. Follow me @DomDom
btw, the entire point of the past 3 investor conferences is to show that spot pricing is irrelevant now. so this analyst is clueless as usual.
god tvt not you again lol. thought you'd surely never invest again after pumping OCZ for so long. 1 billion... lol dude. well anyways, i'm very long MU. it is time we invested in a real company.
really thought with yesterday's candle forming we'd see a runup to 25.5.. if we don't rally soon we may see the low 24s again before going up.
show's over greg. move on.
OCZ Technology Group Inc. remains on track to be sold to Toshiba Corp. after a bid deadline passed with no competing offer for the provider of solid-state drive technology.
Lawyers for the company are due in court Thursday to seek final approval on the sale, which was struck as OCZ staggered financially due to accounting errors that forced years of restated reports.
OCZ's attorneys will be defending a proposed $2.25 million fee for a Deutsche Bank unit that signed up Toshiba for the $35 million buyout.
Creditors say the investment banking fee is too rich, as well as inappropriate, because the Deutsche Bank unit did most of its work before OCZ's December bankruptcy filing.
Trade vendors owed an estimated $31 million that supplied OCZ before the bankruptcy will wait until the end of the case to receive what is likely to be a slim recovery. Investors that supplied financing to keep OCZ going while it searched for a buyer will get similar treatment.
They say it isn't fair for an investment bank to get its full fee in bankruptcy while others that shored up OCZ get a discounted recovery.
According to OCZ, it would be wrong to penalize Deutsche Bank for signing up Toshiba as a potential buyer before the bankruptcy filing and would threaten a common practice that boosts the chances of a successful restructuring. Companies that enter Chapter 11 with a possible deal in hand fare better than those that don't, with shorter, more efficient cases, OCZ's lawyers argue.
OCZ arrived in Chapter 11 low on cash but with the safety of a commitment from Toshiba that kept it out of a bankruptcy "free fall," when a bad situation gets worse due to lack of financing or a buyer.
And while Deutsche Bank's investment banking fee accounts for more than 6% of the sale proceeds, OCZ argued it is appropriate because even smaller deals require considerable work to bring them to fruition.
I have a suspicioun we beat on eps say .48-.53 but come with lighter than expected revenue. The reaction will be mixed and we close -5% wrong. With that said I hope I am dead wrong and we gap to 24.
because it's very undervalued and its recovering from the BS bloomberg article. you need to rethink about investing if you think a poorly written SA article can influence the market.
austin cmon... you said BK or BO... we all knew that, you were stating the obvious... and technically you were wrong because it was BK AND BO. lol.
ha yeah, well being one of the smarter posters here is not saying much.
the worse part of this is that we were close in making it, but ultimately when MU yanked their supply agreement with them, it screwed any hope. oh well. now i'm very long MU, lol.
move on meaning dump this POS and move on with your life. since when does owning the stock qualify someone to write on a message board? owning this stock for over 2 years qualifies me enough.
thought you were one of the smarter posters here and yet you still hold on...
greg you need to get out of flash stocks... this was the easiest short ever... i told this at $7 and above... get out what you have left.