One aspect of the announcement has gone without comment. Timing. Today is monthly options... Typically the day the stock gets taken down hard in recent months. Looks like HIMX has started to catch on a bit regarding PR.
Good take... Hmmm.. with the 6s results so far, would Apple break its product introduction cycle and release somethng in the 1st half of the year.
Kam does not matter. Frankie clearly has a beef with Sal.
Sentiment: Strong Buy
The increase in new product reaching consumer devices will certainly help... Now will the market treat HIMX as it did in 2013. (makes the current time period the equivalent of late 2012)
We should begin to see or hear about the volumes by Q1 conference call at the latest. New introductions in 1st half 2016 imply unit volume should ramp by feb-march to support production. Should hear something about it in the Q4 call which is always early March.
Which smart phone mfg introduces new devices early in the year. Apple rolls out new devices in Sept. And while Apple is clearly the innovation leader (typically), looks like they will be the follower in this case. In agreement with SMT that Apple will more than likely use this or a similar product. With the sales flop so far of the 6s, they need to play keep up with the jones...
Hasch, the sustained upward momentum on increasing volume is bringing the day traders back. While I hear you on larger blocks... less than 10K could just as well be retail or day traders.
Actually, 5.50 is a bit of a stretch.... 52 week low is 5.65 and it only hit that because 50% of the market 52 week lows hit that day on a mini crash..
Watch the MFI and RSI closely... and remember. It's easy to get attached to trading shares... I made that mistake last time... Why I sold my traders last Friday... Quick 2.5k and patiently waiting for re-entry.
mg, it is just as easy to get trapped... I am slowly changing my LT over to calls. While the conference call was decent, I think Wu added at least 6 months to the timeline. Fine by me, my largest long position is in the retirement account.
Trading is somewhat erratic still. I am being overly cautious on my trading plays currently...