OCZ crashes on heavy volume

|About: OCZ Technology Group Inc (OCZ)|By:, SA News Editor

Does someone know something? OCZ (OCZ -28.9%) has plunged to new 52-week lows on volume that's already nearly 6x the SSD vendor's daily average, yet no news has hit the wires to explain the move.

OCZ has been dogged by liquidity/solvency fears for some time. The company ended its August quarter with just $10.6m in cash, in spite of raising $13.1M during the quarter. It has also declined to provide November quarter guidance, citing "uncertainties in being able to procure forecasted flash amounts and credit constraints."