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Trade Alert: A first strike at a new wearable play (and my speaking schedule for the Money Show)

Cody Willard

Aug 7, 2014 — 3 min read

Himax makes the eye piece in the Google Glass wearable that I’ve been raving about. The company reports earnings tonight, and I want to take a small gamble on a few Himax call options. I’m going to use the the HIMX December 2014 expirations with strike price of $6-8.

The stock is down 60% this year and while I don’t expect that growing eye piece demand from Google Glass is going to change the direction of the company’s fundamental outlook tonight, I do think there’s a chance that the company’s also catching some traction in the China LTE component market as Chinese smartphone vendors take market share there.

If the company blows it in the report tonight and the stock gets hit tomorrow, I’ll probably step in and buy some common shares soon to start building this stock into a full-fledged long-term Revolution Investing position. I won’t gamble but a tiny bit of capital on this earnings report tonight, but this way if the stock does take off from here, we’ll already have a toe-hold in the position that we can add to. Either way, I’m planning on buying some HIMX common stock in the next few weeks and coming months.

PS. Here’s my schedule for the MoneyShow in San Francisco on August 21-23. Click here to sign up.

Speaker Schedule

Thursday, August 21, 2014, 11:45 am – 12:30 pm

Tech Trends: How to Identify the Next Big IPO

In this keynote panel, savvy tech investors will share with you how they evaluate a start-up tech company to get in on the ground floor before the IPO. Investors have made millions investing in such companies as Google, Facebook, LinkedIn, all are huge, well known companies, but what about smaller,…

Thursday, August 21, 2014, 1:30 pm – 2:00 pm

*Exclusively for college students invited to join us for this event.

Thursday, August 21, 2014, 5:10 pm – 6:10 pm

Cody Willard, former Wall Street Correspondent for the Tonight Show and anchor on Fox Business will talk about how Scutify and other social network big data are available and easy to use for retail traders and investors.