Sell Alert: Taiwan Semiconductor (TSM)

By Jim Pearce • June 5, 2017

TRADE INSTRUCTIONS
Date: June 5, 2017
Name: Taiwan Semiconductor Manufacturing
Symbol: TSM
Type: Close
Limit: Sell at market

TRADE RATIONALE
Our two-month holding period for TSM expires today, so I am closing out this position and booking the 11% gain (66% on an annualized basis). Its share price did not quite make it to my target price of $37.40, but at this point I believe there is more near-term downside risk than upside potential so I will not extend this trade.

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Janis Bell

06/05/17 ‐ 10:34am ET June 5, 2017 at 10:34am ET

It shot up this morning at open, so we made a little more. If anyone else using Schwab knows how to “sell at close” let me know. I can only figure out market and limit orders for today or GTC.

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