Who said long term? Also, listen to the CC. The cap ex was necessary and China will officially OK within 2 weeks an extension of the further investment requirement a few years hence. The official announcement of that should be good for a nice headline move in and of itself. Maybe it drifts down in the interim and you get an opportunity at 5.50.
Heck, that Shanghai announcement came quick. Almost too quick. It may get lost in the mix as the stock digests its gains and also the general market mayhem Greenspan's helped unleash. Looks like the powers that be want the market down for the time being. I'm not sure IMOS will be able to resist such pressure if the bears are really let loose.
Good luck to you too. If you look at the chart, IMOS should have some room to run. It really needs some follow-through though. 2 weeks ago it went above six and then sank quick, but that was with pre-earnings uncertainty. IMOS now should have a reprieve of sorts (I hope).