The logic behind buying SMIC (Semiconductor Manufacturing International Corporation) is straightforward:
In a bull market, all technology chip institutional funds and ETFs are allocated to the maximum extent possible, and there just aren't enough chips to go around!
Deeply tied to the bull market, it has sufficient technological value and is a sentiment leader in the broader market!
A significant drop is unlikely; at worst, there will be a sharp rise followed by a short-term adjustment! Institutional ETFs need to make profits!
In summary: SMIC Bull = Tech Bull = Bull Market! The height of the SMIC bull determines the height of this bull market! At the current bottom, any adjustment means it's a no-brainer to buy!
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