Buy Alert: August 24, 2016

| August 24, 2016

Buy Alert:  August 24, 2016

 

Trade Details

Buy Himax Technologies (HIMX) October 21st 10 Calls for $0.65 or better (lower)

 

Why?

Have you heard of Pokeman Go?  Of course you have, unless you’ve been living in a cave. The Augmented Reality (AR) game is the fastest growing mobile game of all time.  In fact, the absurd success of Pokeman Go is shining a light on the virtues of AR gaming.  We’re going to see a lot more of it in the near future.  One under-the-radar company, which already makes AR headsets, is HIMX.  The stock has major upside potential as the company is one of the first movers in the space.

We’re going to buy October calls.  Conservative investors can take profits at $11.  Aggressive investors can hold up to $13.  For risk control, conservative traders should exit at $8.50, while more aggressive traders can hold down to $7.50.

 

Recent Activity

Himax Technologies

 

Category: OTW Buy Alerts