There is no doubt that INTC is gaining steam...big steam... my guess, it is for the wrong reasons because the market is a bunch of idiots...it's probably because Intel TV is getting so much more press, and not because of Haswell. .And of course, one of the biggest mouths of all chimes in to try to dent the explosive upsurge that this stock is about to experience...GS's Covello. Now, wrt Intel TV, there is of course a major background component to that and it could be humongous....it's the server demand that Intel TV will drive. In a dream last night after my seder meal, my head swirling with Mogen David, it came to me....INTC could get to $400/share in a decade. And, you know, my relatives at GS will be into it bigtime, as they use the kick blocker, Covello, to bridle the pps so they can lap up as much INTC as possible... they'll never let their munchkins get out in front of them !
I think the $22 cautiousness is about to be blown away. I keep reading in countless blog posts, SA articles & commentaries "Once this goes below $20, I'll buy some" and "$22 is a little rich, wait for a pullback." and this is from people who see a great deal of potential with Intel. The 12 years of milling around in the this price range has created a pavlovian response from bulls, yes from bulls.
I think the new CEO is the catalyst for a very strong upward movement. And strangely enough, although we will all be happy with the new CEO, I think Paul Otellini's image and accomplishments will be revised upward.