Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Yes, short term after 5 days above the top of the BB it is natural for INTC to get back to the middle of the BB. If they meet their range, they have a pretty good chance of hitting earnings in the range $.18 to $.19 in the current quarter and get the last quarter in the $.19 to $.22. The vision of that "renewed" growth should be enough, by the end of the year, to get INTC back above $30 and short term, I don't see a retrenchment worse than $24, maybe a spike to $22 if we really get a nasty autumn here. Hey, if it gets to $22, it might become a candidate for a Dow gambit later this year (g).