What's the best play with OCZ? Right now keep the powder dry and let the dust from the panic settle before trying to catch this falling knife.

If OCZ is down Friday and again on Monday, look to buy shares for a quick 5% dead-cat bounce. Otherwise, I would wait until the next quarter before trying to "value invest" here.

As I stated in my last article, it usually takes a quarter or two of positive results before the return of investor confidence.

As of the time of publication the author did not hold a position in any stock mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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