Something might be happening with DPW - a stock I own but that almost no one follows.
There's big buying today without any news. Maybe something is going on there. Who knows?
The stock hasn't done anything for a long time - maybe its waking up now.
Do your own DD before buying it, or any other stock, of course.
you often see a 50% retracement after a big runup. HIMX moved from the low 8's to the low 15's in less than 2 months. It could be expected to possibly sink to the mid 11 area, although if the market tanks, then who knows. I also think the guy who mentioned 11.50 as support had these thoughts in mind. JMHO, and good luck to all.
Who is being taken to the woodshed today?
Looks like it's the dumb shorts.
Of all the stocks out there you could short, this one is about the worst pick you could've made.
Just wait a few months when you'll have to cover at $15.
With this type of action, on big volume, I think there is probably some news out there that we will find out about in the weeks to come.
What is also likely happening is that the MMs, after a month of holding this in a narrow range in the low to mid 9s, are now letting it loose. We could see a nice runup between now and New Year's.
Still, anyone selling their stock and cashing out will risk potential big moves in the coming year.
I still believe possibly the best thing to do with a stock like this is just hold it for another year.
We could see it hit $30 sometime next year, and maybe twice that the year after.
JMHO, everyone do their own DD.
Everything I see conforms to this notion. It is being lowered each day in an orderly fashion, as the Big Boys accumulate shares.
"Buying on the dips" is the way to play this stock.
I'm now fully loaded up again, after cashing in for the third time this year a nice profit.
I am not sweating next week's earnings. I think what's more important is the guidance, which I believe will be positive.
This stock is a "story stock", and the story is so good, we're in a real sweet spot at the nexus of the Next Big Thing.
My plan now is to hold well into next year, when I fully expect we'll see some dramatic upward moves.
JMHO, and GLTA.
Maybe I'm wrong, but I think it's cheap at this price, and I think $9.50 is about as low as it will go.
Just too much upside long-term. Next year this baby should be in the teens once Glass launches.
CIMT has less than 10 million shares total, with a float of 7.5 million shares.
So really, for a very profitable, well-run company with a long track record in a key area of tech and manufacturing, there are still a pitifully small number of shares out there.
On news or positive outlook, this could move much higher.
Too many people want in, and are hoping to buy on dips.
HIMX just has too much potential to explode as Glass gets ready to ramp up.
Daytraders will miss out on the big move yet to come. JMHO.
Thanks, danjohn. I made $15K earlier this year on CIMT, and I couldn't resist buying back in under $6.00, which I did over the past two weeks. I still think it's cheap at this level.
CIMT is a well-run software company with great potential for years of continuing growth and expansion, imho.
As I said, it'll move on any good news, and with Chardan initiating coverage with a Buy rating and a $10 price target, we're on our way back up!