Hey Joe Blow,
How does it feel to be a low life liar trying to profit from that. Obviously you do not believe in karma.
I try to live a good life and help people with knowledge and facts.
What you and yours are doing here will only be temporary. I am already up big and have had the opportunity to sell covered calls but chose to play this long without hedges.
The price gain this week is fine with me. The volume is good for the start of another higher support level.
You can be just like all the other liars and bashers who have come here over the year. All eventually left and HIMX is up 200% on my higher purchase and over 500% on my longest purchase. HIMX will eventually trade where it deserves and I will be fine.
I just happen to care about others..............including you and how you live with yourself with the sort of lies you have to post here.
HIMX will meet with Northland. Institutions will add. Google will buy HIMX Product.............as will Baidu, Oculus, Microsoft and Sony.
Himax Technologies management to meet with Northland Securities
Meetings to be held in New York on December 10-11 hosted by Northland Securities.
Hey Joe Blow,
Its all true. Google it with your Google Glasses made with HIMX LCoS displays.
I just did and it is on flyonthewall among a few other sites.
There is news that Baidu (Chinese search engine similar to Google) is developing a wearable display with HIMX. You can find it if you Google 'Wedge Baidu". This is reported in the last 24 hours.
Here are two short articles I found:
From Street Insider: "Himax Technologies, Inc. (Nasdaq: HIMX) may win a contract with Baidu (Nasdaq: BIDU) for its wearable device 'Baidu Eye' according to analysts at Wedge Partners. Baidu Eye is not as far along as Google Glass and is only in the prototype phase. The product is expected to be introduced in mid-2014. Production is expected to total 2 million units."
From theflyonthewall: "Himax potential design win with Baidu Eye, says Wedge Partners
Wedge Partners said Baidu has been working on the Baidu Eye since early this year and believes it will lead to a design win for Himax (HIMX) and create positive sentiment in the name."
Friggen awesome. I'd love to try these Virtual Reality Goggles!!!!!!!
And, this is why I think that Google needs a dual display model...........although perhaps I buy the Google Glasses for mobile computing and then the Oculus VR Gaming Goggles for totally immersive experiences.
Heck, when we all get into our later 80's, maybe a virtual life will be preferable to real life. Hey, that is a huge growth market..............the seniors living dull lives in old folks home. Gven them some Virtual Reality Gaming Goggles and really shake up their life!!!!!!!!!!
Discuss Dell deal with AUDC. Is this a competitive deal or complimentary with PXLW?
I am just starting to read it but thought I would mention it here for y'all to consider and comment.
Why the conversion?
Please do tell why you are converting. What about your short thesis changed.........
I vote for thrown aside as he is not leaving on his own :-))
Very glad I sold 80% of my shares over $3 recently. I do wonder if this gets depressed much further if there is money to be made in a bounce.
What are the next study news being reported?
What is the over/under date for LX4211 partnership signing? At this stage, perhaps we should focus on the year it is signed as it was supposed to be before year end 2012 and it may not even happen this year.
Indications seemed good enough to get someone interested.............but nothing comes.
I am all for 'creative tension' with all the advocates needing to represent and then prove/disprove their strategies. So, I will be voting for the Starboard members to foster this 'creative tension'.
If the Ralph is right, he should be able to (and should to) prove it!!!!!
Starboard wants more value and re-evaluating strategies is good. Where it gets more questionable is short term vs. long term and their Oregon Fab Plant. What value does this bring them that they can't get with contracting the fab work out?
What would they do with the cash if they were to sell it? Share buybacks? Dividends?
But, I think we all agree that the whoever gets voted in needs to work together to realize the full value of TQNT. But, TQNT has lagged in valuation during some real boom periods............but did well with technology and expanding rapidly into SAW/BAW filters which was wise.............if they can get value from it.
Thanks much for the explanation. And, it somewhat answers my follow up question about whether they might be an acquisition target for GTAT as they will need lots of TPCS furnaces. But, with the direction TPCS is going, they would not seem to fit.
So, either GTAT just buys the furnances from TPCS or GTAT just makes as offer for that portion of the business.
I just don't know if I should jump in here or not due to the weak balance sheet and iffy financing. But, I imagine the share price would be higher with a more solid balance sheet or sold financing.
Maybe after I read about the budget debacle in DC getting solved, perhaps I buy in here if this is still around this price.
Thanks again for taking the time to explain as you did. Gracias.
Getting to be great value with the Jan 2015 $17 covered calls with the bid around $1.85.
You can buy HIMX at $11 and sell the $17 covered calls for ~17% downside protection and the potential to make 70% return on your money is the shares are called.
If not, you still keep the 17% price premium lowering your cost basis.
Comments or thoughts?
I have modeled this somewhat with Papa on Seeking Alpha. I put this on the recent Seeking Alpha article from Marsha Robes. Here is a bit from that.............but you should read the replies to this article (second link on HIMX news summary):
If you search for a Google Glass teardown; article titled:
Breaking Google Glass Into Pieces: The Costs of Production and Likely Retail Price By Minyanville, August 23, 2013
You will see a list of parts including the Himax FSC LCOS display, optical system with beam splitter wtih a price of $25. Papa and I have made projections at $25/display and then margins starting at 20% and then increasing with volume to 25%.
They are soon supposed to have 2 million/month capacity (Google Glass, hopefully Google Glass with 2 dispalys, Microsoft/Sony/Oculus at 2 displays each in Gaming Goggles, CMOS camera displays with LCOS and then auto & motorcycle helmet Heads Up Displays) could consume these.
At 12 million per year (50% of capacity), that is $300 million revenue and $60 million and $0.353 EPS with 170 million shares at 20% margin and $0.44 EPS at 25% margin.
Double those at 2 million per month and 24 million per year ($0.70 to $0.88 EPS). And, who is to say that this couldn't be 30% margin or higher at these higher volumes once they learn and streamline manufacturing???
And, this is all before they expand across the street. They only bought this property as their internal projections (after discussions with interested customers) are that they could go well above 2 million per month!!!!!!!!!!...........perhaps as early as 2015 or 2016.
Great find and this will be huge when it is officially announced.
Shorts are playing with fire..........next to a warehouse of firecrackers!!!! This will make them a bit dangerous and expect lots of bashing and volatility as they try to cover. As Sun Tzu would advocate, give them an escape and fewer people get hurt.
This news of Baidu Eye is smart on their part and they are obviously following Google's lead as these are about much more than selling hardware...........as this is a lot of data for them also.
This is more and more about the title of that mid-summer Seeking Alpha article about how HIMX can copy/adopt the old Intel saying with 'Himax Inside'!!!!!!
See shortanalytics who supposedly can tell you how many shares (and percentage of shares) which are shorted each day. I have no idea how they do this but I am aware of the site.
According to them, there was much shorting the past two days............but someone was buying all those short sales so that is just stored buying power for us.
Recall Nomura downgrading HIMX a month of so back? They are underwater also and were probably the reason for the additional 7 million of shorts in the first half of November. All these shorts will have to cover and that is always bullish for HIMX.
I generally follow the NASDAQ which reports short volume twice per month.
I just posted a reply to glhsken on GTAT. See that and let me know if you have questions.
As a GTAT shareholder from $4 hedged with $12.50 covered calls, I can't get hurt much regardless what happens (calls increase if share decrease and calls decrease when shares increase).
I may lose some upside if my shares get called.............but I will have tripled my money is a year and thus I don't mind missing some upside by getting downside protection.
With your Taiwan connections, you should be looking into IMOS...........and then perhaps buying calls or selling puts there as that could be a great trade. My March 2014 calls are nearly doubled from this May and I think they are headed higher.
IMOS Is an reorganization and dual listing play (they are finishing their reorganization and have applied for listing on the Taiwan exchange). I think this could have another 33% move over the next 9 months.
The best play may be TQNT as they have an activist shareholder AND they are a huge Apple & China Mobile play. And, they are a big China Mobile LTE play as TQNT sells to Samsung, ZTE, Huawei who will all see phones upgraded to the LTE standard. Download the TQNT presentation from the TQNT website as they show the difference in power amp, switches, Wi-Fi & filter content (their business) goes from $3.75/phone for 3G to $6.75 for LTE Regional and $10.25+ for LTE Global. I see TQNT as having 50% upside in the next year as their sales of their Fab plant will give them cash for a buyback or dividend.
Yes, GTAT is holding up well based upon the $8.65 secondary price..............and they actually adjusted percentages of the shares and convertible debt.
But, there is a lot at play in GTAT. I am hedged from last week so I feel good as I bought at $4.
Just do your due diligence on GTAT as I see it as fairly valued and am not the bull like many there.
GTAT has changed their business model with the Apple deal going from a sapphire furnace manufacturer to a consumer of their furnaces and manufacturing the sapphire at a reduced margin to Apple. So, they reduced their short term cash flow for hopefully a smaller piece of a much larger pie.
BUT (and a big but) is that GTAT can't sell sapphire to competitors of Apple. So, someone (perhaps Rubican) will get this smaller, but higher margin, business???????? And, at some point, GTAT will stop consuming their own furnaces and make money selling them again.
Now, Apple gave them the Mesa, AZ plant and $578 milliion so I doubt this secondary/convertible is around sapphire. I think this is around either their Hyperion ion blaster (to make very thin sheets) or their Solar Photo-Votaic (PV), SiC or other businesses.
This is probably better discussed on the GTAT message board.
Great use of options on HIMX. I have been advocating that people need to learn options as they can help you.
Options are a great way to buy (selling puts) and sell (covered calls) as well as just pay the volatility (more risky). But, selling puts and selling covered calls can be money makers. They may miss some of the move...........but at least going into them you know your risks and can figure out your returns.
Everyone needs to add options to their toolbox of knowledge. Even if you don't use them, they do give you more information about what others are thinking and doing with their money.
Great find and ironic that the dominant serach engine in China is following the direction of the dominant search engine in the USA.
What is next? Barges :-))
I wonder if Baidu has tablets and a phone as Google does (phone is via their Motorola division).
But, all that matters to us HIMX longs is that it is 'Himax Inside'!!!!!!
Okay, I'll go check the gains on TQNT, IMOS, GTAT and MU my other winners.
HIMX already had a good week regardless of today............and the stored buying power will be good.