Closed: HIMX

So HIMX pulled the pop and drop on day 2 of the breakout.  I sold 30% of my position on the pop at 8.50  and I sold out the remainder as it faded at 8.16

My breakout anticipation entry worked very well as it popped from consolidation as soon as the 10MA hit the pice.  At the time, I commented that I thought the breakout would have been stronger had it not started from an overbought stochastic and RSI reading.  I was somewhat surprised by the strength of the initial move given this dynamic. Ultimately, the overbought stochastic caught up with HIMX and the stock fell.  I was fortunate enough to sell a portion on the pop. 

Pull backs to the 10 can be bought with the sweet spot between the 10-13.   

Entry: 7.76

Exit 1: 8.50

Exit 2: 8.16  .9 R

  

Week in Review, position summary

This week was very good for the bottom line.

Nok: +.43 on the week. I've owned this before the MSFT buyout and have over 100% gains.  Just when I think its done and I should sell it for a better opportunity it keeps going. This chart would look even better when you consider the .51 special dividend--putting the stock at the equivalent of $8.69.

 CDXS

I have high hopes for this one as a turn around play. The GSK deal set this in motion.  I was very pleased to see a 60,000 share insider buy this week (higher than what I paid). Its nice to see it trend up following the quiet period basically tracking the 10MA.

LRAD: Great earnings = big move I initiated a position as it pulled back 10%.  I looks to have found a base here. An insider buy was announced today.  I plan on adding as well.

HIMX:  I feel like I have a cyrstal ball on this one. I initiated the position on Tuesday and predicted this would get a kick once its 10MA catches the price.  TA DA!

HCLP: It held the 10 Week MA as it has all year.  I'm up slightly in this position but I believe a bounce is imminent as SLCA and EMES have continued their moves.  

EJ:

opened today.  Cup and a handle breakout:

HPJ: Another pick up Today. Closed about even after pulling back from its run. As long as it holds the gap, I'm bullish.

VHI: very pleased with the move out of consolidation. 

Opened HIMX

I opened HIMX yesterday.  I love the little shelf that it has built after its early August run.  It is building a nice tight range.  If I had to guess, I would speculate that it will get its next kick upwards after the 10MA reaches the current price.  I included the year long chart to show how well the 10 and the 13 MA tracked both the up and down moves.  The 10 MA should collide with the price in a day or two at that time look for the kick, which is why I'm in now before that occurs.  But the ultimate breakout will be stronger if it can stretch the consolidation area for another week. 

Entry: 7.76

Stop 7.40