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.


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