This is a tough one to make that kind of play. The moves are violent either way. Everyone has their comfort level. I would hate to miss a move with my core position. That's why those are locked up....
Personally bought 1/2 what I wanted to add today. Did not go down as much as I had hoped for. I will add the other half over the next week depending on the forward guidance. Automatic buy if it drops at the open and guiis what I expect. I can wait a month or so to sell those shares. Waited 3 months with the last scalp batch.
Nasdaq has both pre and post market transactions. Yes it is 1,000,000. Wondering if it was a buy that did not get posted in time during the normal course of trading. Either that or would have to have been pre-arranged.
Picked up 10k tpcs (additional shares) last week at 1.10. don't have a lot of insight there. Future looks bright. GTAT order in house. Much more of a pure spec play for me there. Up 40% so far (original shares at .70)
Bit the bullet today and added half what I wanted at 13.88 for HIMX. Either way I will add the other half soon. up or down.
I am with you on the longer term here. 34k shares at an avg of 2.54 when the profits from the scalp shares are included in the basis cost. The shares today were simply for scalping.
I'm patient.... If it hits it hits, if not, there is always tomorrow... This is only a play for some re-trace money. Core position is full. Days like today, there is usually another dip mid to late afternoon.
I am watching, no conviction on which way this will be taken this afternoon. There is always the reaction to earnings in the AM as well. A week ago I was thinking 13.35 prior to earnings... So I have moved my buy point up a bit.
Put an order in today... 13.72. can't believe they go through the day without taking out stops the day prior to earnings. Higher than I would have liked to place it, but take what they give you (or at least hope they give you)
JP, yes, there will be plays on fear. If guidance is good, I expect a move up to at least hit 16 prior to options then begin basing in the High 14- mid 15 range through the end of Februaly with a move into the $17+ range by the end of March.
A bit perplexed by your statement regarding an "earnings play" This is all about earnings going forward (guidance). If you meant for this quarter, it was never about this quarters earnings... Althought the demonstrated growth YOY will be important.
Dutch, Your conservative approach is spot on. I am with you in the 12 month $25 target. Will be volitile the whole way up until earnings begin to back the lofty multiple.
This is where HIMX was last summer in terms of transition to growth stock. Fortunatly I am a long term holder of both)...
Both stocks are trading on forward guidance now and have a high beta due to this. Yesterdays move was not that dramatic. It is expected to happen. It will happen with every major move up and is actually a good thing. Consolidating at higher levels.
This board was all over demerson yesterday. Funny thing is, he was right. Sat back and watched him make his calls 15 minutes to 2 hours before they happened. He was going by the same playbook I use when they begin the shake-out games. Only difference is I always add a lunchtime dip (paniced retail investors using their lunch to check their stocks) and my afternoon dip I expect at ~2:30-3.
I found it an enjoyable read. (of course I would It reaffirmed my thoughts).
If you can learn the patterns a stock trades in, it can be profitable. I trade my margin buys only, never too heavy into the margin so as to risk a call. My core shares never move. The profits from these trades are used to add to my core position or take positions elsewhere.