Intel Corp (INTC)

[techno_bull]

The recent (last two weeks or so) climb in INTC stock price has the feel of 'somebody knows something'. By that I mean that wall street insiders think that some kind of catalyst announcement is forth coming in early 2014 that will have a positive affect on the stock price. Perhaps some foundry deal or a major design win for tablets or MS dropping Surface RT in favor of Surface BYT etc.

There just isn't any real reason for the recent run up in the price. In my opinion current fundamentals should put the stock in the 22-24 range. There's just nothing happening (that we know of) that would justify a 24-26 price range.

I suppose if the stock gets hammered back down to 24 over the two weeks or so then I'll conclude that there was no insider knowledge in play here and it's just typical INTC price action at work.