10/24/2021 Stocks reach all time highs this week. Will start INTC long term position next week.

Hi everyone, welcome back.

The indexes made a new all time high this week, and INTC dropped a significant amount after their earnings report.

As a result, I can finally start my INTC long term position. The current plan is to have it be between 15-20% of my portfolio value. I’ll start with a 5% of my account value position at ~$50/share and add another 5% of my account value if it hits $45. The last add will be at $40 (or below).

INTC weekly chart below. It’s trading at a reasonable 11 P/E ratio and has an annual dividend yield of ~2.8%.

Let’s see what happens in the stock market next week.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s