HIMX has never had good institutional support. One of the reasons it can be yanked around like it is... Very few institutions are represented with a Dec 31 filing. Will be interesting to see the nasdaq listing for inst. shares held next week.
I have no love for Chardan.... don't trust a thing they say... But would not surprise me to see them turn on Kerrisdale. Good
But they will trade it well below where it should be at least 1 more time. I agree there could be a few more down days before it starts to settle. DHT reported and the report was good. Took the market a while to digest it so was a great opportunity to pick up shares there.
Fro will be the same way. The market is good right now. Shipping Rates are up and oil is continuing at ~48-49/bbl. This will result in more storage needed. The shippers enjoyed 1 out of 3 months last quarter of improved rates. factor that in when they report Q4 to get a Q1 2015 estimate. They are looking good and the market is starting to realize it. The recent pullback was good. Allowed higher lows to be set. "Shopping" here right now. Have not bought, but expect to. Just need to set my price and see. Traded a bit in the last run-up....
But combined, the 9's and 8.50's (1245 shares) against 5 9's and only 78 8's would make sense. They could well spike it early then take it back down to 8.49... Will be a learning experience watching it tomorrow. Either way, it looks like we are beginning to set higher lows here.
Hmmm, seems Mr Market is taking its time to digest what was actually a good quarterly report. Yes, the reversal of the impairment charge helped, but it was a reversal....
But you always have to wait for Mr. Markets reaction. Personally, I agree with you. It is a very good report. Definately shows a great positive forward trend.
EBITDA for the quarter of $25.6 million. Net income for the quarter of $28.5 million ($0.31 per share) including reversal of prior impairment charges of $31.9 million.