Himax Tech (HIMX) is a highly volatile stock as the market constantly alters the view of key end markets such as AR/VR. High expectations sent the stock up to $12 in early 2016 and weakened projections saw the stock dip below $5 in early 2017. The stock is down 6% today as the market starts shifting towards a concern on 1H numbers after recently buying up the stock based on hopes surrounding the 2H. As a recap, Himax guided towards Q1 results of revenues down roughly 20% YoY back when consensus was for slightly down revenues. The average analyst estimate of $163 million only supports a 10% revenue decline suggesting a likely scenario where the company misses analyst estimates. Even the Baird price target hike back in March only set a $7 target on the stock. The analyst suggests revenue drivers like TDDI, 3D sensing, and AR-related LCOS are on schedule for producing 2H growth. The analyst though didn't want to own the shares. With a market cap of $1.2 billion and a revenue target in excess of $900 million in 2018, the stock has intriguing value. The problem is getting through the weak 1H numbers and the likelihood of printing a Q1 miss. if somebody bought on my original recommendation to own at $5, I'd probably keep holding the stock. My recommendation since has always suggested that a dip opportunity would exist and a closing of the gap below $6.50 would make an ideal entry point. Are you waiting for a bigger dip in Himax Tech or buying here?Disclosure: No position