INTC

Intel is dropping like a rock - down 3% today. I have 1 unit invested in INTC as a buy-and-forget. As it is a buy-and-forget, and I don't see a long term problem with INTC, plus the fact that the dividend yield is strong (4.5%); I am not worried.

However, it does feel like we might soon have a great entry point for INTC. There seems to be a strong support around $18-$20 - so if it bounces off of that level then I will consider it as a trend trading target.

This is how its looking right now - a 2 year chart to clearly show the support around $20:

Hokusai, The Great Wave off Kanagawa