OCZ spiking on takeover rumors

Discussion in 'Stocks' started by sigsegvboogman, Jul 27, 2012.

  1. Anyone else following this?
  2. Yes, been trading OCZ for a while now. Here are some things to support the rumor:

    - All insider activity (planned sales) stopped in April, which supposedly coincides with the start of negotiations.
    - There was an unusually large options backspread trade initiated on 7/13, indicating that someone believed the share price would jump substantially.
    - OCZ recently canceled an investor roadshow conference for this coming week.

    Disclosure: I am long and hedged going into Seagate's earnings call on Monday.