Anybody following the stock or the solid-state drives (SSDs) industry has probably seen the drama with OCZ Technology (OCZ) over the last few weeks. Several influential journalists reported that a deal was done with Seagate Technology (STX) for over $1B, valuing the stock at close to $15.
Unfortunately weeks have passed without a deal announcement and the stock that shot up to over $8 in after market trading on July 27th now trades under $5. On top of that news, the CFO announced his retirement last week adding more fuel to the speculation fire. Not to mention the annual shareholders meeting took place on Monday eliciting investor hopes of noteworthy news.
At times like this, investors need to understand what they own with a clear defined plan for exciting the position. A smart investor either took advantage of the price spike or is now loading up shares as the rumors fade.
Read the full article at Seeking Alpha.
Dsiclosure: Long OCZ. Please review the disclaimer page for more details.