pumpTomahawk, WI 3/12/2013 (BasicsMedia) – Someone told me spring was just around the corner, but we just got 7 inches of snow and another 6 inches is supposed to come on Friday night, if I hear that one more time I, I, I will curl up with my iPad and read all the articles on BasicsMedia.com.

Our first upward mover of the day is OCZ Technology Group, Inc. (OCZ). This company is a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems. The company has release news today that it has agreed to enter into a $30 million loan and security agreement with Hercules Technology Growth Capital, Inc. . This terms of this agreement consist of a $15 million term loan and a $15 million revolving loan facility.

Ralph Schmitt, CEO of OCZ Technology recently commented; “Obtaining this new credit facility is the first step in providing OCZ with a complete capital structure going forward. This capital will be used to strengthen the business, fund future growth, and support emerging enterprise opportunities”. “I am pleased with the operational improvements our team is making as we continue building a profitable OCZ which is focused on designing innovative, best-in-class Solid State Storage solutions for our valued customers.”

Gambling on the future is part of every trade that happens in todays market and our next company is banking on just that fact. Shares of Glu Mobile (GLUU)  is up over 19% this morning. The company is a developer of mobile games and is getting into the mobile gambling arena. Glu Mobile has just launched its first real-money gambling offering in the U.K.  Glu CEO Niccolo de Masi said; the company has partnered with Probability plc to launch a mobile slot game featuring intellectual property from its “Samurai vs. Zombies Defense” title. “We anticipate that real-money gambling will continue to gain momentum globally and believe that with this offering, Glu is well positioned to capitalize to the extent that additional markets adjust regulations”.

Our last upward mover of the morning is the drilling services company Heckmann Corp. (HEK), which is up over 11% in morning trading. The company just reported their quarter and said they turned a profit. This good news comes after acquiring Power Fuels recently. The company is also forecasting strong revenue in 2013 as the fracking in the United States continues to grow. The Scottsdale, Ariz., company provides energy companies with water for  hydraulic fracturing. In this process, companies inject a pressurized mixture of water, sand and chemicals into the earth to fracture shale formations to access oil and gas. Heckmann also treats the wastewater generated during the process.

Disclaimer: This article is intended for informational and entertainment use only, and should not be construed as professional investment advice. They are my opinions only. Trading stocks is risky — always be sure to know and understand your risk tolerance. You can incur substantial financial losses in any trade or investment. Always do your own due diligence before buying and selling any stock, and/or consult with a licensed financial adviser.

 

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