Last night, the U.S. stock market was mixed. There were two major events. One was the announcement of the Consumer Price Index (CPI), which was slightly higher than market expectations, but still maintained a slowing trend.Philadelphia SemiconductorIt still rose 64.31 points, but after the market announced that Buffett’s Berkshire sold about 86% of TSMC’s ADR holdings in the fourth quarter of last year, and TSMC fell 5% after the market, which affected Taiwan stocks today. finaleweighted indexIt fell 221.59 points, and the technical aspect fell below the 10-day moving average to close the small black K. In fact, the index was mainly affected by TSMC, and the funds came from (2330-TW) The transfer of TSMC to other small and medium-sized stocks is not a bad thing for Taiwan stocks. Many stocks are still receiving dividends or even daily limit today, such as tourism and catering concept stocks, because the opening of Hong Kong and Macau tourists is related to the relationship between the 6,000 yuan cash that will be distributed in the future. The stock prices of concept stocks are also quite active. I believe that after 1-2 days of bad news from TSMC, Taiwan stocks will remain bullish!
As for the chips of the three major legal entities, foreign investors resold over 8.164 billion yuan; investment credits sold over 929 million yuan; self-operated traders sold over 1.669 billion yuan, which was 5 consecutive sales. The total sales of the three major legal persons exceeded 10.765 billion yuan.
At present, all the moving averages on the technical side are only the annual moving averages that are still going down. Taiwan stocks have a chance to correct the technical side. Take advantage of the impact of TSMC this timeweighted indexHomeopathic backtest support, because the monthly average and annual line appeargoldCross, there is a strong support around 15266 points, if Taiwan stocks have the opportunity to retest around this area, you must be brave to enter the market layout!
Buffett sold TSMC in the fourth quarter of last year and switched to Apple. In fact, he changed the soup instead of the medicine, because it is a very simple logic. If Buffett is optimistic about Apple’s stock price for a long time, then TSMC will not be far behind, because Apple, a major customer, accounts for TSMC. The revenue is about 25%, Apple is good and TSMC is unlikely to be bad, because TSMC is the largest Apple stock in Taiwan!
So what is certain is that TSMC’s stock price is still optimistic in the long-term, but in the short-term, Buffett’s big sale of TSMC’s ADR will still have a[short-term impact]on TSMC’s stock price, probably because the dividends blessed by the stock god’s halo are gone, and the market is expecting Buffett to increase his purchases. Now It was announced that it was not bought but sold, so there must be[disappointed selling pressure]!
And such things as disappointing selling pressure often make the stock price[oversold]in the short term, and this is your opportunity to enter the market on dips!
From a fundamental point of view, the trend of TSMC’s revenue falling first and then rising this year remains unchanged. Therefore, if TSMC pulls back due to this news in the short term, the stock price will easily oversell. Remember to seize this opportunity and buy more if you are empty-handed. One point, if you have enough funds, you must increase the size!
Having said that, the stock gods bought TSMC in the third quarter of last year, and most of them sold in the fourth quarter of last year. In the first quarter, TSMC rose from 448.5 to a maximum of 546 yuan. There was a price difference of more than 20%. Didn’t the stock gods make money? It seems that Buffett, the stock god, is not so good at short-term trading. So now we are returning to the fundamentals. TSMC’s revenue in the first quarter is certain to fall, and its annual revenue will continue to grow. The strategy of taking advantage of bad times to buy back remains unchanged!
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