Friday, December 21, 2018

SMIC 0981.HK - Get ready For The Next Leg Down

Semiconductor stocks have corrected but this blog thinks that not everything has been priced in. We are seeing more cuts and downgrades in the past one month than any other months this year. Things will be getting worse and semiconductor companies are in for a bruising 6 months ahead. History shows that semicon stocks only bottomed at cycle trough , this blog continue to add SMIC , a stock that I have spoken about in my last Market Outlook on 8 Dec. 

All posts and charts are for educational and illustration purposes only

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