That is stupidity at its best.Here is a company that does not earn its dividend and you are calling for a double.This is now a commodity business. Don't expect margins to get better. In the future China will do it for less.================================================================Always amuse me that someone who cannot read Chinese would buy ROC stock. TSM is a ROC stock and is strongly affected by ROC politic.
TSM is sort of like a sector fund, since every brand of computer contains TSM inside.
Mutual funds take a point off the top, get special favors and/or kickbacks for paying higher trading commissions and allows frontrunning and sandbagging.Mutual funds are a poor choice. Best to stick with an index fund with low fees so someone can't lose your money for you.I covered TSM short off of 10. This is going lower but vacation calls.Wouldn't go long here.
1. You may want to check out the MSDW on the closed mutual fund on Chinese stocks.2. American and EU companies cannot compete against TSM because it can hire excellent engineers for US$1000 per month.3. PROC companies cannot compete against TSM because they cannot buy the equipment.4. Read your charts as the market is in the correction phase now.5. CHRT went BK. UMC tried to fight against Rabbit, and is in deep trouble. TSM is 3X higher than UMC though the book values are the same.6. The Horse is much more friendly to businesses. Also, Chinese are allowed to invest in ROC companies now. TSM can easily double if it gets the PE ratio of Chinese stocks.