Yesterday news. Haven't seen this posted on this board.
.... We are raising our target price to $28 from $23 ...
[11:55 AM ET 7/2/13 | S&P Marketscope]
Sentiment: Strong Buy
The reason it is has not helped the stock is because obviously there were many large holders that needed to sell and many shorts planning the same thing. The big move higher to over 25 was probably made on weak holders.
There is no manipulation; just weak hands and aggressive short sellers.
Good post. S&P has not upgraded Intel for many years.
So this means Intel's new energy must have really captured their attention.
Other news sources are not placing this on headlines to minimize positive outlook by investors.
All negative analysis has been very limited in substance.
With leading edge chip manufacturing Intel obviously as an advantage in gaining market share
Sell your shares and then WRITE (sell) a Jan $28 put option for $4.65/$4.75.
You can pocket the 65 cents per share and when Intel reaches $28, the put options expire worthless.
If Jan arrives and Intel is still below $28, just roll the put option out 3 months for another credit.
If you get LEVEL 3 option qualified by your broker, you can free up the cash of the underlying Intel position for use elsewhere.