Longs! Remember Intel will have 25% growth for 2 years.
That's 25% per year for the next 2 years. These numbers are better than most internet companies. Intel will go back to its historic PE's of over 30 and the large investors know this. No competition left for Intel to fight with. They will decide what gross margin they are happy with and it will at least be in the 60% range again. And we all know what will happen to the stock price when we get high gross margins closing in on 60%. Yes! The $30's and more! Current price of $24.24 is still a huge bargain.