Sold Intel and bought Big Commerce

Intel was proving a bit disappointing as an investment, and maybe will take time to get back on track. In the meantime its competitors are doing well. The announcement that their CEO is stepping down in a month or so caused a spike in the stock price which I regarded as a selling opportunity. The reasoning in the short term is that a new CEO can close down divisions, set up new lines of business, etc. Intel has a strong balance sheet, so the company is in a position to pay for all of this, but earnings could disappear until the smoke clears.

Also bought a starter holding in Big Commerce, an e-commerce platform for growing sales. People compare it to Shopify, which is already owned.

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