As they say, a win is a win. The Dow Jones Industrial Average might have only risen by less than three points yesterday, but it still recorded a new record high as a result. Eight days and counting, but investors likely paused their buying spree to take stock of exactly what's going on in the economy and the world. Lots of mixed signals as to which way we're heading.

The following three stocks, however, held a party of their own, but you should resist the urge to high-five everyone in the cubicles next to you. Smart investors won't celebrate until they know why their stock surged, because without a fundamental basis for the bounce, these stocks could just as quickly make the return trip down.


% Gain

OCZ Technology (NASDAQ: OCZ)


Glu Mobile (NASDAQ:GLUU)


Heckmann  (NYSE:NESC)


Thrown a lifeline
Troubled solid-state drive maker OCZ Technology got a bit of a confidence boost late Monday evening that carried over into Tuesday's trading, when it secured a $30 million loan and security agreement with Hercules Technology Growth Capital consisting of a $15 million term loan and a $15 million revolving loan facility.

OCZ's CEO said the loan is but the first step of putting the drive maker on a more secure financial footing. "This capital will be used to strengthen the business, fund future growth, and support emerging enterprise opportunities," he said. Its previous loan facility it had with Wells Fargo, which had no outstanding balance on it, was cancelled when it closed the current one with Hercules.

The first $10 million of the term loan was taken when it closed the agreement, and it will have to start paying it back beginning in November in 30 monthly installments. OCZ will get the remaining $5 million of the term loan when it gets current in its SEC filings and achieves certain revenue levels for two consecutive quarters. That could be the challenging part for the drive maker, which was thrown into turmoil after problems surrounding certain customer incentive programs arose that led to significant quarterly losses and the abrupt resignation of its CEO. Last month it gained an extension for getting into compliance with Nasdaq listing requirements and has until April 8 to get its SEC filings submitted.

Rolling the dice
If it's good enough for Zynga (NASDAQ:ZNGA) then it's good enough for Glu Mobile. Or vice versa. Glu launched its first real-money gambling product in conjunction with the U.K.'s Probability, a mobile entertainment gambling provider.

Zynga recently secured a gambling license in Nevada, and with states like New Jersey following suit in allowing online gambling for state residents, it's seen as a potentially lucrative niche to go after. Glu, though, may have been the first mover here, having entered into a strategic relationship with Probability last year for real-money gambling games. The launch of the game that features intellectual property from its Samurai vs. Zombies Defense game puts Glu in the forefront here. 

Yet despite the obvious potential of making money through gambling, I still view it as a desperation move by game makers who undoubtedly realize social gaming has reached its limits and now they must find something -- anything! -- to bring money in. Going all-in on gambling suggests they have little else to offer.

Not-so-fractured future
Wastewater treatment specialist Heckmann surged after reporting earnings that beat analyst expectations. The oil and gas services provider said fourth-quarter revenues doubled and that its acquisition of Power Fuels, a fluid services specialist focused solely on Bakken oil and gas companies, enabled it to turn a profit.

Heckmann became the largest nationwide provider of environmental services to the industry after the Power Fuels purchase. It provides oil and gas drillers with water and fluids used in hydraulic fracking, the controversial process of injecting fluids under high pressure into wells to fracture the rock formations and gain access to the energy deposits. The fluids then need to be extracted and treated, which Heckmann also handles. Fracking has been accused of everything from causing groundwater pollution to earthquakes.

The oil and gas services specialist will be asking shareholders to approve a company name change at its annual shareholder meeting from Heckmann to bland Nuverra Environmental Solutions, a horrible-sounding moniker that I hope gets rejected.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.