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Technology Stocks : Adobe (adbe) opinions
ADBE 346.49-1.3%1:31 PM EST

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To: Judy who wrote (1708)9/20/1997 10:15:00 PM
From: Joan Osland Graffius   of 3111
 
Judy, Thanks for the ADBE S&P fair value. I do not have a good source for Adobe stock evaluation for a second opinion. I have a core holding in PSFT as well as trade the stock. BTW, ML has a target of $71. During the quarter there always is a selloff in PSFT and I purchase a trading position. I played that game twice this quarter. The last trade was when it sold off to $52 that day the market tanked on the opening and I sold that position in a couple of weeks for $60. I was like a kid in a candy store that morning.:-) One of these days I could get my head handed to me operating that way but until then. I do have a hedging strategy so should not get in to much trouble.

Joan
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