Scott Bleier, president of CreateCapital.com says Intel is "the closet thing to a legal monopoly" that exists in America and the stock was "dirt-cheap" before rallying sharply during the broad market's recent five-week gallop.
Bleier currently has no position in the stock but is eager to "buy the dip" should Intel fall back to the low teens. Like many tech stocks, Intel's valuations have fallen to extremely attractive levels, making it both a good trade and investment, he says.
After 18 month of wild volatility, Bleier thinks the market will soon settle into a "sideways, consolidation phase" that could last a year or more with the Dow trading in a 7000-9000 range. This type of environment will actually be better for true long-term investors vs. traders, i.e. the opposite of the recent past, he says.
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