stevo,I think you have been alarmed by the shareprice...

stevo,

I think you have been alarmed by the shareprice movement.

Granted the price drop is substantial but now the shareprice is governed by traders and can be pushed anywhere they like.

Where can I find the $17m debt that you talk about ?

Internet stocks are the current rage and TSM is essentially internet based.

Short termism rules the day for TSM now.

Stocks such as Silverchef are in a parallel universe yet shareprice is rising.

Hat-tip to the Superfund that recognised the coming impact of securitisation based funding v's lease accounting
The subsequent profit downgrade and Superfund sellout has caused the debacle.

TSM can recover from here though. There just is no conviction buying yet !