Discount, Nothing wrong with "dropping" a stock or two if you are really behind it. I do it all the time, because feedback is always good. Someone doing that is how I found this company. Of course, a mention of a stock on a mb\:
1.) elicits the comment- Go to that message board
2.) Makes people take a look
3.) Up to their DD to decide if thay like it.
Found many good stocks that way.We all just have to do our own DD.
NIce post. You forgot to mention those with good sized holdings hanging tight. Debatable whether that is stupid or not... Long term, HIMX is a good company. Wu does a very good job. Nice balance between income and re-investment in the company.
You are 100% correct about learning a "lesson". It has helped me already with another stock in the same boat.
And yes, HIMX is still "undiscovered". Hasch puts it well. To paraphrase "This is being played". But much more rationally this time. The Google additional stake is a moot point now. The growth in EPS YoY is what is moving it. The current eps estimates include almost no LCoS. NIce to have some stability in the current increase in share price.
The move to 10 happened a lot faster than I thought. I expected it mid Nov. So a bit quicker than anticipated. But the move has been well measured up until the last few days. There are now a few gaps. When enough people watch those as a trigger, it does play into things.
Decision time, I need to sell some shares to offest short term gains. Will save about 15K that way. Tax wise.
Thankfully Fidelity has "limited margin" in their IRA's. If you sell, you do not have to wait for the funds to clear. You can purchase the same day. Helped with HIMX. Used GTAT money sidelined to make a couple trades, Like I needed more HIMX... Thankfully made 18-19% on the funds. Going to start buying back in there at ~10.60. 1st of 3-4 buys. Looking to use the sale proceeds to increase my sharecount at a minimum of 25%. Collected some nice dividends with the balance of the GTAT proceeds in the short term.
This is starting to get fun again...
Not yet. If the news is good this week. I can always re-purchase my position. A few dollars of cushion there between the sale price and the current price. If the news is bad, I can look to increase my original position quantity on any additional pullback.
Long GTAT, but not fighting the market on this one.
No problem, although your "thanks boys" opening is the typical short... I stole your money line... LOL
Good to have you here. You seem to trade like me. Not that that is good or bad... Reduced my core position basis to the Mid 2.50's that way.... You can also get caught on the traders. Still holding 8k of them with average price in the mid 13's....
It is never blasphemy to take profit.... Still holding all my shares from the drop as well.. Down big from the drop, but up Much more overall. Oh well, the retrace has been steady. The OP is smart enough to trade around a core position. There is a gap to fill... A couple. I made 2 5k+ share trades this week as well. When the gap fills I will execute another. Sometimes you win, sometimes you don't...
Here is the Nasdaq site info
Oct 31, 2014 0.75 0.30 0.70 0.75 14326 25 HIMX 10.50 Oct 31, 2014 0.80 1.20 0
Someone closed out a position. Volume on the 10.50's is 14326 currently, but only 25 contracts are remaining open.
Really, Why the thanks? That is why you are being criticized here. Us "boys" had nothing to do with your trade.
That being said, every move through the next dollar mark has been met with a nice pullback. I don't expect that to change but could be wrong. The stock has filled all gaps from it's low in the high 5's through 9.06. Small gap there. Smaller gap at 9.27.
Surprised you waited this long Demerson. No sense good money after bad. If reaction to the update is positive, you can always buy back. If it is negative you can buy more shares with the same money....
Agree with rude.. Long term winner. short term??? No one knows and you would at least think they would have had the date and time for the update set by the 29th.
You haven't been around long enough to appreciate the work TG has done. He is good.
alfnsly LOL, what you write is true but sad...
The last few weeks stock price would not affect any buyout price unless the underlying business case has changed. Not that there will be one.