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Technology Stocks : Adobe (adbe) opinions

ADBE 333.22

+1.3%

Nov 11 3:59 PM EST

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To: Murrey Walker who wrote (2881)	2/7/2001 4:37:29 PM
From: Bwe	Read Replies (1) of 3111

Hi Murrey, Look what's happening to CSCO today. I know from your response that you believe ADBE's problems are company specific. Though I can't argue on that front, I do point out that when companies such as AMAT and SUNW, companies with excellent management teams, are reporting things are slow and getting slower because of the economy, I tend to cut some slack to ADBE's management. That doesn't mean ADBE's stock is going to be a moneymaker in the short term. The stock's p&f chart looks like hell. I just feel that ADBE's management is not asleep at the wheel and that when things turn up, ADBE should regain it's status as a software leader and a leading stock. JMHO. Bruce PS: Most of the stock's important support has been broken. There's some support left at the $39-40. If that level doesn't hold, the stock should see the low $30's. I would feel very comfortable adding to my position at those levels. stockcharts.com

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