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birb_cromble  3d ago (text post)   519 thread views

Weekly Finance Thread - 2026-07-11

A weekly thread to discuss financial matters - from personal all the way up to global.

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I finally sold some of my INTC holdings a while ago at 136/share up from about a 37/share cost basis. Sold off about 1/3rd of my stake and decided to let the rest ride. That's worked out pretty well.

Finally cut MSFT loose too. This latest round of layoffs with H1B applications just makes clear the looters at the top are wholy dedicated to converting the entire market cap into H1B's. Product quality be damned. I was holding on for a while since line kept going up, but I'm out now. Still walked away up 100%.

Nice one on INTC. You got fairly close to the recent top.

I’m in at about $23. Not sure when you entered or why, but it was so beat up last summer it was irresistible. Combined with headlines at the time about concern over US-made semiconductors, I figured something would change. I just had no idea how right I’d be.

And I can tell you it was luck and not conviction, because I’m only exposed to 100 shares. I haven’t closed it yet, though, so I should keep bragging to a minimum.

I'm terrible at picking entry prices. I just kept loading up after Pat Gelsinger was back in as CEO because I thought someone would realize Intel is an indispensable American company with Taiwan off the coast of an increasingly belligerent China. I believed in his vision for Intel and the turn around of their foundries. I bought from $60 when he first got in, and loaded up pretty heavily down in the 20's and 30's too.

I no longer have that thesis for Intel. I'm almost certain the new CEO is a hatchet man, who's only brought in to generate some headlines and goose the share price ahead of pieces of the company, or the entire company, being sold off for the best price they can manage. I cannot imagine after all the layoffs and devastated morale that the company still has the institutional knowledge to capitalize on the tepid fruits of Pat Gelsinger's plans anymore. So I took some profit where I could, protected my original investment, and I'm curious to see where the rest goes. Maybe Intel will get sold to Nvidia, or the US Government, or who knows who, at $160/share or something.

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