Intel. What do you think?

[rktect1]

I'm thinking this is possibly my next tech target. Nearing $20 a share after being at $28.

I was told long ago to buy the unloved. Well aapl and intc are fairly unloved and bottoming out.

 

[RealMoneyIssues]

Wait a few days... then re-evaluate... Love is an emotion, be careful

 

[wavecoder]

I wouldn't touch it yet. it looks like there's rising support, but the negative MACD cross a few days ago would have me cautious, especially since negative MACD crosses usually have a high chance of eventually running into the bottom bollinger band. Add to the fact the stochastics is a bit bearish and when it drops that fast, i don't touch it until it breaks back above the 20 level.

everyone's strategy is different, but just from my own perspective I would wait like RMI said.

One thing to watch in the upcoming days, is how the chart reacts to running into support. If that bottom support doesn't hold, the resulting breakdown could be bad and you'll be sorry you bought / glad you didn't buy. When in doubt, watch and take notes if you see anything interesting

aside from technicals, intel would be a decent buy & hold stock over a long period of time since its dividend yield is pretty decent, and they aren't going bankrupt anytime soon.

 

[MrJohnRoss]

I would wait to buy INTC below $20 if you're looking to trade it. If it doesn't get there, move on to something else. Just my opinion.

 

[coolhand]

It is a good longer term stock, but I would definitely wait for a price below $20. Especially given its recent gap down and the fact that the market is overbought in general. A good dip in the indexes may offer the buying opportunity you're looking for.

 

[rktect1]

Longer term is why i would buy into this stock. Unless somehow amazingly after i bought it jumped back to $28 then id sell it quick

 

[rktect1]

Intc is $24.17.

I like this pick so far. Not as good as whole foods was been.

 

[wavecoder]

bought some when it went under $22 and sold around $25. I should have kept it. Might even climb higher if thunderbolt is a hit (which already seems to be with the macs). this is one technology that could be a game changer, already makes USB3 obsolete, and they're already coming out with thunderbolt 2 soon.

Intel has been ahead of the game for so long and I don't think anyone will catch them anytime soon. To add to that, they are also getting their chips into smart phones, could be a good company to buy and hold in for the long haul and set up a drip. The dividend is nice too. With that said though, I don't know if this will ever be one of those picks where you make 50%+ gain, but it should give you a steady gain over time.

 

[rktect1]

Wow, what a difference one year makes.

Just made $1500 on my INTC stocks since yesterday. Obviously I have had it for over a year now.

But I am still holding quite a bit of whole foods which has tanked. Busted for about $6000 on that one and cant let it go now.

Intc is $24.17.

I like this pick so far. Not as good as whole foods was been.