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Technology Stocks : Adobe (adbe) opinions

ADBE 317.32

-0.7%

Nov 26 3:59 PM EST

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To: country boy who wrote (2342)	4/2/1998 2:36:00 PM
From: David W. Taylor	Read Replies (1) of 3111

>> Again, I ask, who is buying and why at this level? Have you David? I can see NO reason to buy this stock here. >> No, I have held my current long ADBE position, 13.9% of my entire portfolio for at least a year. My gut here says that analysts are recommending ADBE for the reasons discussed previously and there is at least one Mutual Fund, which has heard this and is buying. One large purchase a day by a fund could do this to ADBE. Volumes have been around 1 million until 3/26, when it shot to 6 million. It went to nearly 11 million on 3/27. Since then we are levelling off back to 1.5 million or so. The shorts covering and the funds buying are doing this. This is not individuals such as myself. Scream shorts, scream!

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