timwest
Long

HIMAX (HIMX) bullish accumulation for Google Glass hopes

BATS:HIMX   HIMAX TECHNOLOGIES INC
1307 7 5
Google             Glass supplier Himax Technologies             - HIMX             may come to the attention of investors along with the Samsung watch announcement due today and the September 10th Apple             media presentation.

Buyers have tried to take over at the 6.50 level twice since June and have failed both times. Sellers are clearly overwhelming buyers above the $7 level as there are only 9 days where the low of the day is above $7.

It would seem logical that it will take several attempts to work through the supply above current prices, but once through and as we look forward to a roll-out and a possible holiday selling period, the shares could take on another strong trend and move towards the $8.50-$9.00 level.

Options premiums are very rich, so expectations are high for upside potential in HIMX             . For the more conservative investor, using covered-call strategies may make the most sense to generate the highest returns with the lowest volatility . Which is to say, sell away the upside hype for HIMX             by collecting premiums from speculators and let a slow-grinding rally give us the best possible return over the next four months into year end.
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Will look for it... Thanks Tim
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It looks like the strong blast off in the price of HIMX has brought some new attention to the stock and expectations must be getting very high for Google Glass. The latest burst of volume and price gain should allow all retests of that volume-level to hold in future pull-backs. Keep your eyes focused on this stock and get yourself up to speed because it looks like a HOT one.
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Redmanwest timwest
Tim what is your thoughts after today?
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almost there now!
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Maybe
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Wow. What a spike to $8! I sold at the equivalent of $7.75, but a tremendous one-day gain of 16% for this trade. Unreal.
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admin timwest
Nice!
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