Here's Intel's biggest loser
On the popular Wallstreetbets forum, a college junior in the U.S. inherited $800,000 from his grandmother's estate and invested $700,000 in Intel stock just before their earnings report last Thursday, buying over 20,000 shares at an average price of $30.45 each.![]()
![]()
![]()
![Here's Intel's biggest loser](https://ussnsimg.moomoo.com/sns_client_feed/1629598/20240809/28e7df80152fa542401068cf8edb8a2b.png/big?area=999&is_public=true)
He listed 11 reasons for this investment and planned to hold for ten years.
However, Intel's earnings drastically underperformed the next day, causing the stock to drop 26% to under $20 per share.
Some mocked his "precise" timing, while others advised him to cut losses and shift to an S&P 500 ETF.
![Here's Intel's biggest loser](https://ussnsimg.moomoo.com/sns_client_feed/1629598/20240809/69a6fbd2ac44c5351f05d2fc607ab10e.png/big?area=999&is_public=true)
![Here's Intel's biggest loser](https://ussnsimg.moomoo.com/sns_client_feed/1629598/20240809/89cc5b9a124577f54b69f6bacbdd6ac2.png/big?area=999&is_public=true)
![Here's Intel's biggest loser](https://ussnsimg.moomoo.com/sns_client_feed/1629598/20240809/0d8b8a66ae116c8c7c271caade881b17.png/big?area=999&is_public=true)
Despite losing $200,000 in a few days, he plans to continue holding the stock.
![Here's Intel's biggest loser](https://ussnsimg.moomoo.com/sns_client_feed/1629598/20240809/c408d09122a9eaaa967ddc34010d17a4.png/big?area=999&is_public=true)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
C L7 : Damn…that was brutal
Travelforfreedom : His perseverance will pay off one day
DavidCCL : This may be a bigger hit to Intel.
Expendabiggles : Time to average down