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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (82161)	10/19/2023 9:10:05 AM
From: The Ox	1 Recommendation Recommended By Sokka Read Replies (1) \| Respond to of 97611

I would suggest you look a little deeper into the TSM earnings. They've not been saying "its the bottom" for 3 quarters, they are projecting a bottoming process. Big difference. Same with ASML. They reduced 2024 as the bottoming process is still in progress. It's a good thing if semi customers are still using caution...it's when they're double ordering and going gang-busters, that's when you really need to step away from the industry ... read short it. All these things take time and any snapshot from one moment won't give you the proper picture, IMO. I wouldn't charge into this, short or long, without trying to see the forest vs the trees.... Valuations are questionable at this time. Semi's have soared, relatively speaking over the past 3 years.