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Technology Stocks : Adobe (adbe) opinions
ADBE 347.79-1.0%3:59 PM EST
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To: country boy who wrote (1721)9/21/1997 8:16:00 PM
From: Profi   of 3111
 
I do agree with most of what you are saying. However...!

I am not a "chartist" but looking at ADBE's chart, I cannot agree with you on selling it on Monday. I have seen enough charts to claim that a stock that goes up the way ADBE did is likely to gain almost another 10% before it will start pulling back. Besides, a lot of things seem to be on the positive side for this stock. I just cannot believe that it will start pulling it back Monday. I will give it at least another week.

I also believe that most people who did not have faith on this stock sold it immediately following the earning announcement on Friday expecting a pull back. I have to admit I was ready to do the same thing based on the behaviour of this stock in the last 21 months (during which I bought and sold ADBE three times). I am not going to claim things are completely different this time, but I think there is more this time.

Question to ALL:
1) Does anybody have a recollection of what happened to this stock during March of 1995. It looks like it jumped 20$ (from around 35$ to 55$) within a matter of week. Maybe not to the same extend, but is there any possibility that we could see a similar growth in the next few weeks?

2) This is for technical analysts. Would the fact that it came down the same way in January of 95 fill the gap created in 95, therefore the gap problem mentioned in one of the early postings may not be a problem?
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