The fun thing about percentages though: you can have a 10,000% gain, but a 100% drop is an instant wipeout. So a 29% drop can still be more significant than what the value was two years ago.
I agree that Intel is overvalued. My point is that you need to zoom out to get a better picture. And a stock that’s up 200% over 2 years is doing really well. It’s funny because your point about percentages was reflected this morning, Intel has slid another 6% so now it’s only up 175% over the past 2 years.
The fun thing about percentages though: you can have a 10,000% gain, but a 100% drop is an instant wipeout. So a 29% drop can still be more significant than what the value was two years ago.
I agree that Intel is overvalued. My point is that you need to zoom out to get a better picture. And a stock that’s up 200% over 2 years is doing really well. It’s funny because your point about percentages was reflected this morning, Intel has slid another 6% so now it’s only up 175% over the past 2 years.