The real problem is there is too much smoke for there not to be a fire. This company has disappointment coming in it's future, the question is how uch.
But the stock is plunging. Odds are overwhelming that the news will be bad, very bad. Anything is possible but........you gotta use your head!
Look at the trading volume vs. himx market cap. Share price is nothing to do with the company as an investment. It is purely the ideal toy for daytraders. A company with a high potential but completely unproven. It's driven up on unsubstantiated speculative greed and pounded into the dirt on fear accelerated by margin calls.
The real problem is that himx has had the last year to demonstrate something substantial, and if you look back it's been all smoke- now the price has to be paid.
The driverless car? The google cell phone division that they dumped at a many billion dollar loss? The alternative energy projects? The solar powered internet planes? The contact lenses?
The truth is that goog's core business is a gold mine and it allows then to waste money on these hair- brained crack pot ideas- including glass which looks increasingly likely never to get to market.
The opposite is true. You're jumping up and down about a freak siting. I believe many of the tech company leaders have a pair- the CEO of INTC has a pair. Does any of them ever walk around with them? I'm sure you could dredge up a picture someplace, but the point is those that have them aren't using them. Will Jack Hannah be wearing them next week? No way. Turn it around and realize how many of those that have them aren't using them.
That's a interesting theory that stock price is based on executive golf games.
How about this idea. We'll over a year ago himx rocketed up on glass and other opportunities. Now here we are and there is zero evidence of any of this coming true; in fact, there is considerable doubt.
Better yet, you tell us what they've accomplished in the last year. Exactly- the market has said "time's up".
That's the problem with these day trader toys. It's all fun and games as long as it's going up, but on the downside things go down faster than the price of a FL condo..... Nobody plays this game with their own money.
What about samsung's watch? Turns out even LeBron James can't make talking into your wrist look cool. What about those home 3d tv's with the glasses? I would say wearables is 0-2 at this point.
How come no one ever says it's rigged when it went from 2 to 16?
Himx has never said anything other than goog purchased a chunk of the display devision. There was never any supply agreement announcement, so now there is nothing to give a update on.
Read the pr's from the last 15 months. The company has said nothing about supplying anyone with anything. What do you want him to give a update on......a bunch of unsubstantiated "stock alerts"?
It would be completely inappropriate for a CEO to respond in this situation. Not to mention opening the company up to every ambulance chasing lawyer in the world. The MOST they could say is "at this time the company knows of no material corporate matters to account for recent share price activity".
The shorts are covering because they are taking their profits off the table. Even with short covering it is still dropping like a rock. Add in another guaranteed wave of sales because of margin calls because of today's drop and you're looking the 4's by the end of the week for sure.
The problem is that's rumor and speculation work both ways. Sixteen months ago himx was $2 sh maker of commodity parts. Then the rumor and spec took over. Now 16 months later what has changed with the company? Really nothing. All the promise of 16 months ago equals a big fat zero in the results column today. That's the truth. If fact; the company is in worse shape, they've spent to up manufacturing for glass and it looks like at best it will never amount to more than a small fraction of what was hoped for- at best.
I think you'd find that MOST rumors have some basis in fact. AAPL gonna by Beats- sure enough a week later they do. My guess is that it is very likely goog is looking at alternatives to himx's display. Probably even money that they've already decided on something else. This glass thing is WAY WAY behind schedule. For certain there is something very fundamental with the product that goog is not happy with. Wouldn't be surprised if it isn't shelved at this point and the commercial release put on indefinite hold.
Lcos is the poor display and a power hog besides. The glass display is a clear background. Goog recommends you position yourself so you are facing a dark uniform background for best display results. As an alternative, ash can the glass and look at your 5" phone display like anyone with an ounce of brains would do.