Market is very funny one. Insufficient supply of tested chips due to the lockdown in China. Later, it would turn into chips under demands while recession taking over the helm.
Chip shortage has been going under control recently. Stop reading what Bloomberg or CNN feeds you. Chip shortage theme is already over since October 2021. Semiconductor lead time is going down. Semiconductor industry is more cyclical than you might think. It is the same as plantation or property development. MPI will trade flat for the rest of the year, it is a dividend stock, not a growth stock.
Sure, it's fine. But chip shortage theme has been overused. It's over, semiconductor demand is going down, GPU sales (Nvidia) will suffer after cryptocurrency winter
Bursa Techs Index is currently bearish due to development in Wall Streets. When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end.
Dalio is right to short Europe, strategist says: ‘The pain will go on for quite a while’ (Published Fri, Jun 17 20227:02 AM EDT)
~ Dalio’s Bridgewater Associates has placed at least $6.7 billion in short positions against European stocks, according to data group Breakout Point, which aggregated the firm’s public disclosures.
~ Dalio’s firm is generally bearish on the global economy and has already positioned itself against sell-offs in U.S. Treasuries, U.S. equities and both U.S. and European corporate bonds.
Lol. If drop to RM10, definitely will sell others and all in this counter lor. This's not gonna happen lor unless another outbreak of unprecedented pandemic or WW lll...
Price up 4x in 18 months. Funds are certainly locking profits slowly lor. First TP 24.00. If the company does not perform well in the next few quarters then next TP 15.00.
Mpi next qr will be bad n so forth..market need to price in recession.. So maybe rm15 better maybe even rm10 if bad times..wont know till end 2022..still long time away...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
blackchicken
1,220 posts
Posted by blackchicken > 2022-05-28 07:39 | Report Abuse
Philadelphia Semiconductor Index was up 4.03 percent on Friday.