Shares of Himax have been pushed downward into oversold territory due to downgrades and fear from investors regarding the release date of Google Glass. I believe it may have bottomed out at $6.62 earlier this month and am now looking for a continued reversal back to the $9 to $10 range and possibly higher. Not only because Glass is now available for sale, but...
Last February, I started a swing position on IDN at .50 cents and sold at $1.23. From that point it went way into the overbought area going into an earnings lotto before it came tumbling back down. I do not consider the brief period over $1.20 to be a valid reason to raise the bottom of the channel. I instead believe that the downward momentum will continue to my...
