📉 A significant change in the stock world!
On February 5, a major trader decided to rearrange their portfolio after a strong drop in AMD's stock.
The stock collapsed by 17.3% at closing, prompting them to close their long position in xyz:AMD, which included 10,000 shares valued at approximately $2.1 million, incurring a loss of about $130,000.
💡 The surprise:
The trader did not step away from the semiconductor sector but shifted their focus directly to Intel.
Opened a long position in xyz:INTC
48,780 shares valued at $2.38 million
Average price per share: $48.33
Current profit: about $24,000
✨ The trader is known for their focus on U.S. stocks and precious metals on the chain.
They have previously been the largest long holder of gold on the chain, and invested heavily in Nasdaq and copper prices, with a portfolio worth $40 million.
🔹 The bottom line:
A strong drop in one stock can be an opportunity to shift to another promising stock.
Risk management and focusing on strong sectors is always the key to success.
🚀 The market is changing rapidly, and the experienced know where to go!
Share your thoughts👇 Do you think the shift from AMD to Intel is a smart move?
$INTC
