That $22 target seems doable for INTC....they'll have some pretty good new initiatives coming in around next fall that should give them some lift....hopefully be nice to get it around $18/19 .
Patience Confucious say.<vbg>
Only caveat being , that Andy Grove doesn't come up with a cure for cancer in the meantime .
I am unsure as well, but I think that a close under $23.3 on INTC should signal the resumption of the secular bear and a revisit of the $12/$13 by INTC in the following 18 months. I don't think that the topping process of the current cyclical bull market is complete, but it could be.