China/HK stocks are on a pull back, and here is a "Beach ball" that is bouncing -- SMIC. It is now the 2nd largest Chip maker in the world ONLY behind TSMC (Taiwan Semi Conductors). Warren Buffett actually bought a lot of TSMC, but sold it on the realisation that it is located in Taiwan and China can take it anytime...... Well, if TSMC has danger, then the next largest chip maker by sales volume is this SMIC, and it is located inside China, so no such worries of a war. And also it has been smashed down due to the bear market last 3 years. The reason it is bouncing when other China/HK stocks are pulling back is because China is starting a Semiconductors fund with $45Bn USD to be invested. And yesterday, Huawei said they and SMIC will now try to develop a 3nm chip, which is kind of close to the cutting edge of the chips market. (There are 2nm chips, but I read that they don't work well and apple phones would get too hot....) So this would be another game changer in the "Made in China 2025" playbook. As I told folks last few months I ahve been DCAing into SMIC... however with this news, then SMIC might not come back down to my support level, there is a chance it could break out from here. I might adjust my buy stops and get some more here, because teh situation may have changed. #stocks