I am hoping Intel does a huge buyback soon to squeeze out the shorts in a very painful way.
They have been holding back so far by buying much lower than average for the past 3 quarters.
The $6 Billion debt offering was announced December of 2012 and most of it was meant for buyback.
I sent a note to Intel management stressing this and hopefully they have near term plans to execute
on the plan and really hurt the idiotic shorts. The news is definitely great on Intel and soon the earnings will
follow. Although Intel is maintaining revenue levels very much near their record 2011 level after a huge 54% two year growth. All they need is a punch in the ARM (pun most certainly intended) shot of buyback action to get the stock really breaking the current range.
Hope you did better than I did with investor relations. They told me the BOD decides from time to time when to buy back stock. Remember the 6 billion they borrowed, they're paying interest on those bonds and dividends on the stock the don't buy.