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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (16345)	7/20/2023 2:53:14 PM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Respond to of 26972

Thanks for the TSM chart. It is sure bearish from currently about $99 down 73% or so to ~$27 if I read your notes correctly. How high would it have to go to make you change your target to a bullish price? I believe it will also take down the capital equipment makers, especially with TSM saying they can't find enough Bidennomics workers to build the new plant so they are delaying it from 2024 to 2025. Of course, that could allow TSM and others to hold prices higher by delaying supply. $30 seems like a stretch, but I'd perk up interest in low $70s... Note, the recent $110 dot tagged my dashed purple line but you couldn't see it so I raised it a bit to cover the tips with its bottom rather than paint over them like I kept for the bottom, green support line.