Bears are having a field day short-selling VR/AR supplier and 4K TV components producer Himax Technologies, Inc. Short float is now at 10 percent. With the stock at yearly lows ($5.06), bears are winning. The earnings report on February 16 may change that.Trading houses are in full control of HIMX stock. Helped by their own downgrades on the stock, HIMX is down from the $7 – 8 fair value. Quarterly results will not lift the stock back to the future value of $10 a share (based on a ramp up in AR/VR orders later this year and through 2018). HIMX needs management issuing a stronger outlook to squeeze out bears.Inflection pointHIMX looks like a Sprint (S), Micron (MU), or in the cyclical sector, X, AKS and CLF stock. Emotions are running high against HIMX. That did not stop MU from bouncing back from $11 to $25, AKS to $10, and Cliffs back above $11 a share.Hololens and AR/VR headset demand is an inflection point for HIMX stock. Orders are picking up: revenues will show up on the quarterly report later this year.Maintaining a fair value target of $7.50 for the stock and a long-term PT of over $9 in 2017.