For the year, the Dow, S&P 500 and Nasdaq are down 16.9%, 13.7% and 9.1% respectively with the Russell 2000 still in bear territory down 25.3% YTD .
For years, Bob Brinker talked about Intel (INTC) and called it "a great trading stock." Hopefully you paid attention and learned to trade Intel around a core position. If not, you can get help from my newsletter.
I took profits in January at $66.57 then used the bear market decline to buy the shares back at a $14.65 discount ($66.57-$51.92=$14.65) in March.
Here is a copy of the email alert I sent my subscribers to REMIND them Intel reached the price I published in the newsletter for buying shares back.
Now with the great, big rally from the bottom, we are very, very close to my "take profits" points for many of these stocks. Some are still closer to the buy points so it is not too late either. IF this turns out to be a long, secular bear market with cyclical bull market rallies, then I should continue to profit from that volatility.
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