All good things must come to an end ;-)

Kidding aside, if & when the bearish developments on the semis were to dissipate with the charts starting to look more constructive, I’d gradually abandon my bearish outlook for the semis. My trading style often involves trying to identify & position for major trend changes, corrections or rallies. Sometimes I’m too early, like the last short on SOXL/SMH, sometimes I’m wrong & sometimes I nail the top or bottom with near impunity.
The key is to limit your losses when wrong & letting your winner run when correct. The difference between being early & wrong is that being early means that my position goes underwater but does not exceed its stop-loss & then goes on to hit the price target(s) while being wrong is getting stopped out for a loss whether I simply got in to early with the position moving only slightly beyond my stop before reversing & going on to play out as expected or simply continues to move in the direction that I positioned against betting on a trend reversal.

At this point, I strongly believe that I was simply early on the call for a major correction in the semis & actually, only some of those short trades on various semis were stopped out while some others were not & have either hit one or more profit target or are still profitable so I’d call it a wash even though the semis as whole have moved higher since I started becoming bearish on them recently.