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.