Wednesday, October 31, 2012
The only reason today's purchase was able to occur was due to the freeing of cash in a joint venture with my father where I previously had $20,000 of my money committed.
Today I bought 909 shares of INTC at $21.98 per share to complete the total position mentioned above.
From here on out, any further purchases would be the result of free cash from my salary, but no more 'windfalls' for me!
Have a great week!
Sunday, October 28, 2012
The time to pile in for Intel's dividend is rapidly approaching, within the first week of November being the cutoff. Volume after hours has been equaling volume during trading hours on the last few up days. It appears there is a large institutional buyer, as they usually account for the most volume right before the close. I'm still happily sitting on my position, acknowledging that I will never pick the relative bottom or the top, but will always come pretty darn close. So far, so good...
Sunday, October 21, 2012
While in the hole, I still feel very confident with my position. Intel currently trades at $21.26 per share without an up week for 10 weeks. The weekly chart for Intel continues to become more and more compelling, with the weekly RSI at 27.57, price below the lower bollinger ($21.28), and MFI just above 20 at 25.80.
This week's plan is simple: sit like a mushroom and smile at the clouds.
I'll sell when there is cash on the table to take.
Monday, October 15, 2012