Ahead of Himax Technologies (HIMX) reporting quarterly results, it looked as though the stock would hold the $3.00 - $3.50 support line. But instead of reporting a stronger quarter, Himax lowered its outlook and failed to announce any major contract wins with Android smartphone suppliers. Now that the stock is $2.08 and with a market capitalization of just $361 million, investors should consider taking a loss and speculating elsewhere.
Last month in July, I said I would buy the stock if the company reported a turnaround in its business. Instead, the Q2 report