NASDAQ, AMEX, NYSE Stocks Discuss Tsm in the Stock Market Forum forums; Taiwan Semiconductor. It got caught up with some of the foreign ADR's decline last week. (Foreign companies traded on American exchanges) and it also posted a weaker 2nd qtr ...

lovemoney · #1 08-11-2007, 07:38 PM

Taiwan Semiconductor.

It got caught up with some of the foreign ADR's decline last week. (Foreign companies traded on American exchanges) and it also posted a weaker 2nd qtr profit report but strong recovery is underway. In July TSMC has gotten off to a good start in the third quarter by posting a 4.3 percent jump in sales, its first annual gain in nine months, as an emerging recovery in the chip sector gathers speed. It's competitor, United Microelectronics Corp (UMC) also has reported gains in July. Together, UMC and TSMC, jointly take about two-thirds of global market share. Taiwan Semiconductor is also one of the top holdings in the Templeton Institutional Emerging Markets Fund.

Chart looks like it's trading sideways somewhat after the July decline with some up and down candles, ended Fri with a long black hammer. Support generally holding at $9.60. MACD hist is creeping up towards zero. Accum steady, Black ADX line shows the downtrend has weakened sli and the +DI and -DI act like they want to switch places soon. Sto is started to curl back up above 20. Watch next few days. Might be good to get in long term for remainder of year as forecasts for chip shipments are predicted to grow 20 percent in the third quarter.

http://stockcharts.com/h-sc/ui?s=TSM...d=p93861798398

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Taiwan Semiconductor Manufacturing Company Limited (TSMC) is engaged in the manufacturing, selling, packaging, testing and computer-aided designing of integrated circuits (ICs) and other semiconductor devices, and the manufacturing of masks. The Company manufactures semiconductors for customers based on their own or third parties' IC designs. During the year ended December 31, 2006, the Company produced approximately 7.15 million wafers. The Company distributes its products to the United States, Europe, Japan, mainland China, South Korea and India, among others. As of December 31, 2006, the Company had seven wafer fabs.

Mkt Cap: 51.41B
Shares Outstanding: 5.28B
Float: 4.04B

**BadThad** · #2 08-12-2007, 07:14 PM

Excellent find! I have quite a few to watch next week, but this one looks the most promising. RSI still oversold....thanks!

lovemoney · #3 08-13-2007, 12:23 AM

Yeah, I'm looking at it hard, It seems to be solid from everything I can tell.

**BadThad** · #4 08-13-2007, 11:23 AM

Seems to have hit the bottom, real steady at about 9.98 this morning....watching for entry point....prob be around 10.0, waiting for some signals, then I'm in.

**BadThad** · #5 08-13-2007, 11:26 AM

Just looking at chart, we should see $11.50 on this, it's below it's lower support line right now ~$10.20.

**BadThad** · #6 08-13-2007, 11:37 AM

OK, I'm falling asleep watching this.....MM is not moving the price up, it's ready to blow, but being held back. I might abandon ship here, it's locked about 9.97, just won't make the move.

**BadThad** · #7 08-13-2007, 11:42 AM

Dang it, slipping back down a bit now.....the bear may prevail today....could be a day wasted watching....I don't think it's going make a move today.

lovemoney · #8 08-13-2007, 02:26 PM

I went ahead and picked up some this morn at $9.91. It's creeped back up some. The MACD is still notchoing up and I'm hoping to see a rise start soon. I'm in this long so I'm ok with some fluxuation while at these levels.

**BadThad** · #9 08-13-2007, 02:35 PM

I almost did because it's a great price for this stock IMO. However, it just didn't move since this morning, so I spent my money on USMO.....which has been very playable.

That said.....I'm still watching for a move on TSM.

lovemoney · #10 09-22-2007, 05:50 AM

Popped above the 50ma Fri. Good positive divergence MACD (crossing the moneymaker), and good accumulation.