Does anybody know why we are headed lower again even though the markets are green?
TSM is in an agonizing sector. There's basically no sustainable demand for its products and the IC sector as a whole is shrinking and losing money. Expect the worst from this company.
It's very likely that TSM will disappoint again with earnings below expectations. Unfortunately the company grew in size and expenses far beyond what revenue could legitimately sustain. The 12 P/E that TSM sports, is highly unrealistic. Companies with no growth or even negative growth should be priced accordingly.