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Strategies & Market Trends : The Art of Investing

PICK 50.39

+1.1%

Dec 11 4:00 PM EST

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From: Sun Tzu	9/29/2022 10:39:52 AM
	Read Replies (2) of 10692

A word about fighting the tape on INTC. I am now 11% in the ditch with my INTC gtc buys. The tape fighting strategy is designed to limit the losses to your trigger drop percentage. In this case I felt strongly about INTC and instead of the usual 20%, I made the trigger 15%. Am I unhappy about my losses? No, not at all. This is not a day trade. You can now buy INTC for less than it sold in 2014. Could it hit 10 year lows and go to 2012 levels? Of course. But is it also going to hit 5 year high over the next 3 years even if we exclude 2021 and 2020 unusual rallies? Probably yes. So with that math, INTC is likely to be above 54 in 3 years (INTC had a high of 54 in 2019). Doubling my money in 3 years doesn't seem so bad to me. PS I have two more GTC buys on INTC.

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