I did not realize the i-6 would have this big of an impact. Also, the i-pad was realizing a lot more competition from others (MS-Surface Pro, etc.). I missed the boat.
I buy individual corporate bonds. However, I do not have holdings in Apple. I perceived it to be priced to perfection, and I was dead wrong. I have a lot of shares of HIMX, and see a sold company with a good dividend. It just #$%$ me off that the BofA analyst did a 180 on HIMX less than two months after the report came out. How do you go from a pt of 12, and then without any news or financial info reported, go to a pt of 7. There was also suspicious trading activity the day before BofA came out with a sell in April 2014.
In my opinion - For a BofA/ML analyst to report in January that HIMX was one of their picks of the year and put a 12ps target on it, only to reduce their target less than 60 days later seems very suspicious. Prior to the report there was significant volume pushing the stock down, and then presto the report is released towards the end of the day. The stock was breaking out, and then because of the BofA catalyst was beaten down to where it is today.
When will Bank of America and the manipulators let this go? Same story ever day - up in the morning for a few hours, then hit hard, and then held in a tight range the rest of the day. Id love to see a huge institutional investor come in a squash these parasites.
The stock is now short restricted. Where is the SEC? They must think it is not unusual for an analyst to upgrade a stock to their pick of the year, and then 2 months later, and then without any public information released by the company they reverse course and reduce the target price by over $5ps. Oh, and before the report is released the stock drops .50ps with heavy volume and tons of shorts entering. Then after the report is released the stock drops another .70ps on no info from the company. This is #$%$ disgusting.
This is so typical. Two days of 3-5% down days, and then the negative article to beat it down another 3+%. From a fundamental perspective, there is no reason for this type of trading action. It is pure manipulation, yet it goes on, an on. Someone needs to go to jail.
If there are so many people that believe, as I do, that this stock is severely manipulated, then has anyone filed a formal complaint with the SEC? The trading action on this stock, along with the constant bashing by Chardan ( a group that paid fines associated with short selling), should be enough to warrant an investigation. This stock traded at $9.4 a week ago, then without any significant news trades below 8.00 on options expiration? Someone needs to go to jail.