Replies to post #696 on Himax Technologies Inc (HIMX)

[JammingJAY]

HIMX trades in the 2 to 3 dollar range. The Google glasses pump sent it up.

I adjusted my holdings when this traded close to a dollar.

I'm long here unless it crashes below a dollar.

[steelo28]

The stock was dropping because their largest share holder Innolux, announced last month that it would be selling its holding of 50 mil HIMX shares to further its own business. They started selling their shares at $5.35 last week. As of Friday they had 20 mil shares left to sell at that price. That is what has been dropping the price so rapidly last week. Soon as Innolux gets rid of the rest of their shares (which I imagine happened today) this thing will be back on its climb. My target is $10 - $12 by the EOY.