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Berger: 5 things you need to know about trading Intel
It may take some time, but trader, Serge Berger, says Intel shares could hit USD 30. The chip maker is reporting earnings after the bell this Thursday. Its stock has risen strongly after hitting a trough in late 2012.
Intel is in the midst of a refocusing away from PCs to tablets and mobile devices. Trader, Serge Berger gives his five top tips if you're thinking of trading the stock. One of his golden rules is to wait for earnings to pass and then make your move; second guessing how investors will react to a company's earnings and outlook is a losing game he says.
Serge also points out that Intel is a cyclical stock. He's convinced there's money to be made, so long as you're patient.
http://www.tradingfloor.com/posts/trade-intel-earnings-release-888529889
02:07 minutes
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