Immersion Corporation (IMMR)

Our PAST TOP PICK with IMMR has triggered its stop at $8.  To remain disciplined, we recommending covering the position at this time.  When combined with our previous guidance, this will result in a net investment loss of 6%.  

We again reiterate IIMR, a developer of touch screen technology, as a TOP PICK.  We like that cash reserves are growing, while shares are bought back.  The 42% acquisition of Barnes & Noble and its access to digital textbook markets fits well into management's growth plans.  It trades at 3x earnings, under book value and supports a 28% ROE.  We recommend trailing up the stop (from $7) to $8, looking to achieve $11 -- upside potential over 25%.  Yield 2.1%

We reiterate this developer of touch screen technology as a TOP PICK.  Recently reported earnings showed strong earnings and growing cash reserves, following the 42% acquisition of Barnes & Noble shares in June.  It trades at 5x earnings, under book value and supports a 19% ROE.  The company announced a special dividend to holders on January 10.  We recommend trailing up the stop (from $6) to $7, looking to achieve $11 -- upside potential over 25%.  Yield 1.8%

IMMR creates touch screen communication technology.  They just completed a takeover of a Barnes & Noble Education -- you can imagine where they are going with this acquisition.  It trades at 7x earnings, 1.2x book and supports a 19% ROE.  We like that cash reserves are growing, while the company buys back shares.  We recommend setting a stop-loss at $6, looking to achieve $11 -- upside potential of 28%.  Yield 1.9%