Reasonable bet for a double of Intel

Shortly after I talked about Intel (INTC), suggesting it was the time to buy this great stock for retirement in April, Intel shot up through its 6 month trading upper band. This has clearly established its uptrend (see below). Right now, Intel is pulling back a bit and may test its support line around $23. This will be another great buying opportunity. Actually I think there is a reasonable chance that Intel may double in the next 12-18 months. Intel has just got a new CEO and is catching up with its plan to aggressively move into the hottest business, the mobile sector. It has just released its most advanced power-efficient microchips (called Atom) which will likely be adopted by more and more smartphones. It has just teamed up with Apple and Samsung to more effectively expand its business in this sector. With a $4 B cash hoard at hands, no one can nearly compete with this chip giant! Here is the best part. Even if I'm wrong that Intel does not double, you can safely earn nearly 4% dividends and sleep soundly at night! I will be buying more definitely with any of its weakness as a great opportunity.