I agree about HIMX. I made a ton of bucks trading HIMX over the last two years, but I exited the stock each time it went stratospheric. It is currently trading on hype and hopes for the future. I would not be surprised to see it fall back after the next earnings report. The VR story has got people too excited for their own good. I bailed at $10.50 and it will be interesting to see what happens next.
It's down for the same reason that I sold my shares. The run up had gone too far and too fast. This is the third or fourth time this kind of cycle has occurred, and each time I've sold out prior to the drop, and held onto big gains. This morning I wondered if I was wrong to sell out at $10.50, so I took a nibble at $10.22. After it dropped to $10.10, I immediately sold those shares and assumed that it would either keep dropping or consolidate for a while. Glad I did. I'll wait and see what happens tomorrow before deciding whether to buy back in. Good luck to all the longs, but I'll stick with a wait-and-see approach before re-building a position. If the stock leaves me behind, that's okay because I've made a ton of money with HIMX over the last two years.
During the last hour I decided to scale back my position and take some gains. I've been through this cycle several times over the last two years and made a bunch of money, but each time it has exceeded a reasonable valuation, I've sold off a lot of shares and ultimately been rewarded for having done so. I'm keeping some core shares just in case this thing goes hyperbolic, but my expectation is just the opposite. Good luck to all the longs.