A Bit Early on HIMX

Timing is everything; as of late, interesting stocks have lagged and taken some tumbles along with most securities in the U.S. markets. Patience is a virtue that, often gets lost in troubled times.
I'm not giving up on HIMX; picked as a possibility on June 7 of this year at 5.18, retreated since then to the high 3's.
The company is planning to repurchase $40M of its shares, increased earnings estimates for '07 and '08. Trading this morning at 4.39 well above its 50 day moving average which was crossed on Friday with 6 times the average daily volume.
Given the strength and support shown today by Himax Technologies, Inc. on a day of broad weakness in the markets, I would consider increasing my long position.

Surviving the Blows

During the last few days, the markets have been in an ugly mood. It seems like everything in sight is getting pounded. Most of our holdings are giving up some of the gains that we, so patiently, managed to accrue.
My thought is that this is a temporary correction and, in a week or so, stock prices will resume their upward trend.
Amazingly enough, there are a few securities that are holding well under this selling pressure.
Today, Himax Technologies, Inc. (HIMX) appears to be unaffected by the general market behavior.
Himax Technologies, Inc. engages in the design, development, and marketing of semiconductors that are used as components of flat panel displays. The company is based in Taiwan, ADR's are available through the NASDAQ.
HIMX, trading at 5.18 (up .05 for the day), 12 P/E, average daily volume of 481,500; nice base with short term support at around 4.96. Management owns a good percentage of the shares so they have a real interest in the performance of the stock.
I like the resiliency it shows under the existing conditions.