Saturday, April 11, 2009

Position Update: TSM

I took at 150 share stake in TSM Wednesday around $9.40ish and they reported good stuff Friday night. Keep an eye on this name, semiconductor sales are starting to turn up. This stock is under $10 and can rip. Another risky semiconductor is UMC. Intel (INTC) is the solid pure play but TSM is my favorite.

http://uk.reuters.com/article/governmentFilingsNews/idUKTP33780220090410?pageNumber=2&virtualBrandChannel=0

Key Highlights from Report:

* Q1 sales fall but beat company and analysts' estimates

* Analysts bullish on Q2 sales

* Company is seeing rush orders due to Chinese Stimulus Package

1 comment:

  1. I agree with RF. Semiconductors are on fire, I own INTC, ISIL, and might buy TSM.

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