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I bought Intel at the worst possible time, what should I do?
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I started trading on July 6th, and up until July 22nd I had a 7% return. I was really happy with that, but wanted some new ideas. I asked a friend who is a financial advisor what I should buy. He said INTC was a great bet, as their new chip would be huge.
I bought tons of INTC @ $60, and not long after, it dropped 21%. When should I cut my losses and sell? I have no faith that it will go above 60 again.
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