$INTC: If there was a time to buy, it is now
Updated
You heard it here first, Intel has finally bottomed long term and it's about to rip from here...A beneficiary of the recent trend of deglobalization/reshoring, and the inflation reduction act, 
INTC had been battered and bruised for ages since it peaked back in early 2020, underperforming basically everything since then. Valuation has reached extremely low levels and people were questioning the sanity of the CEO buying shares and making religious remarks about the fate of the company (pretty much praying for the company to do well recently). Very hated name, and it finally looks like the pain is over. Everyone who was holding it for years has capitulated, and the stock ran out of sellers down here. Any slight positive news and buy pressure will make it lift tremendously, specially as people on the sidelines jump in.
Best of luck!
Cheers,
Ivan Labrie.
INTC had been battered and bruised for ages since it peaked back in early 2020, underperforming basically everything since then. Valuation has reached extremely low levels and people were questioning the sanity of the CEO buying shares and making religious remarks about the fate of the company (pretty much praying for the company to do well recently). Very hated name, and it finally looks like the pain is over. Everyone who was holding it for years has capitulated, and the stock ran out of sellers down here. Any slight positive news and buy pressure will make it lift tremendously, specially as people on the sidelines jump in.Best of luck!
Cheers,
Ivan Labrie.
Note
Updated view...
Trade active
If you managed to stomach this one, it is getting close to an exit spot next month...
Trade closed: target reached
Didn't update 'the next month' sorry, but that was correct then...
Staying away from this one, lots of unresolved fundamental issues plaguing the stock.
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