If Intel can make use of the capacity the company has already built, the stock could rise to the high 40's or possibly the low 50s in my opinion. At that point, I hope to be mostly out of the position. In the long run, the areas that many large cap tech stocks compete in are turning into commodity areas, and I believe that there will be more exciting places to invest capital at that point.For the record, I do not believe the stock market is in a bubble. Considering how low interest rates are, the market is actually cheap on a relative basis. On an absolute basis, it is hard to find stocks to buy, and I am selling more than I am buying anyway these days. As a business owner, I look at what I would pay for a business or what I would sell it for - this does not change how much if the market goes up or down. So right now, I believe that we are in something like a sellers market. Photo credit: Ryan Holst via Flickr Creative Commons —
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