This is definitely going higher. Question is when and how severe the dip will be. Apple does not simply do a one time shot with something like a display. They are in or out... Last year's order was a starting point.
You and I have seen this before with HIMX... There will be ebb and flow. I typically do not sell out of a position like this entirely. Simply park the money where I feel it will work better in the short term.
Boy did I screw up Wednesday. Now that there is some news, I will not make that mistake again.
20 years ago, hold and roll through was the norm. It is not now. 20 years ago, you would not have gotten the spike we did yesterday either. The news would not have spread like wildfire.
Best wishes. let's make some $$$
In and out, isn't no concrete info grand lol. Thanks for adding the Friday point. This is a tough one right now.
Porchie, you are fortunate to have both this and HIMX. We all have stories on coulda woulda shoulda. Hell, I sold my PXLW yesterday to buy more GTAT.. Had a 25% gain. Thought the news would be further out.
Luckily I sold 4k shares of Himx today early (less than 10%) and snatched up shares of PXLW for a fantastic gain today. But it coulda been more had I held (missed ~$2 of the run). This is a long term play for me, but I ALWAYS look for opportunity to buy some dips and sell the runs. I've held scalp shares as long as 3 months...
MV, Your play tomorrow? I have 2 strategies.... One for a strong open one for a weak open. Strong, I pick my point and sell 50%.... Weak, I will sell. 3x available shares traded today. Up 87.5% in one day.
Long term, PXLW will definitely be in the portfolio but no sense getting too greedy.
His point is momo players were churning this throughout the day. Just when they sold, they bought again at a dip and did it again.
If the poster was really astute, he would have pointed out 11.65M of those shares are held by insiders and institutions (which more than likely were not part of the churn... ) So in reality, out of 21.98M shares outstanding (float is only 16.46M) 10.3M shares were more than likely involved in the 31M shares traded today. Each share not held by a tute or insider cycled 3x today.
His point is easily understood. Huge momo play going on. This is a tough one. HIMX got the Google affiliation. GTAT got the Apple affiliation. Both were fairly easy to put a valuation on what those alliances meant with quantity, sales price (estimated) and GP. There are no concrete (or even estimated) #'s to put a valuation on this as of right now.
Tomorrow is a #$%$ shoot. Do they take it up again, or does it drop. It would be smart to have a strategy for both possibilities. This company is where HIMX and GTAT were 9 and 6 months ago respectively, just announced a mega business association.
This is where the age old adage comes in. Pig/hog. Long term I believe PXLW has legs. At 3x shares held outside institutions and insiders trading volume and 87.5% price appreciation in one day, I would not have a problem selling tomorrow's open and buying back. Or watching any morning run, selling half and being patient.
Actually, PLUG has held up nicely. I would not consider a pullback to the 6.3x's from a high of 7.09 a massive pullback when it started at 3.9 on Feb 25th. I do agree there will be a pullback... question is how much...
I do not have a short term target price. Simply viewing this as I viewed HIMX and GTAT 9 and 4 months ago... News just came out. Should have near and long term legs due to the partnership.
HIMX and GTAT were easier to put a TP on due to quantities and prices being discussed. PXLW does not have that yet.
I said the hell with it and added again (PXLW). Look at GTAT and HIMX. PXLW is where they were 4 and 9 Months ago. Association with a major player just announced.
LOL.. 100% disclosure... I sold mine yesterday to buy more GTAT in my IRA. Dammit... For the long term the heck with short term on it, sold 4k Himx in the IRA today and picked up pxlw again.,
Never thought the news would come this soon. Thought I still had time to wait for the mid 4's Oh well. At least now I have my 3 hi potential stocks where I want them as far as total shares held. Forced me to rebalance.
The math does not make sense... Earnings were .34. X4 =1.32/year. These are income streams. Obviously the latest share offerings have been put to good use. Sitting tight (why not up over $1.00/share) letting the drip work.
What are expectations on a divvy increase given the stellar quarter?