hey Hajimow, How long do you plan on holding those shares....or i guess at what price are you hoping to sell them at? if the price drops below your entry what is your punchout point? if you dont mind me askin
I have to say that I'm pretty displeased with my entry, but I'm going to stick with this trade. Today's action was kind of unusual (in both INTC and the Nasdaq Comp), but I'm sure that the day traders were lovin' it. More specifically, I learned (or re-learned) that it's probably a good idea to keep a close eye on what the related index and/or sector is doing when timing a swing trade entry point. QQQQs were starting to fall off a cliff right around the time of my entry, and were clearly trending downwards.
I would sell at 20. Then I would think of something else. 2-3% profit is enough. Although I believe INTC can go to 22.5 in a month.
this is an excellent long term horizon play; so much room on the upside with little risk on da downside....could easly take 3-5dollars if u hold on for long enough. best of da best