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Technology Stocks : Adobe (adbe) opinions
ADBE 318.06-2.0%3:59 PM EST
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To: Murrey Walker who wrote (2459)8/12/1998 1:07:00 PM
From: Doughboy  Read Replies (2) of 3111
 
To be honest, ADBE's haircut was not as bad as it could have been. It gives us small-fry investors a chance to pull our money out if we want with "only" a 15% loss on the day. I suppose one reason that it was not worse was that ADBE had already sustained a 25% loss over the last couple of weeks. (That should have tipped us off that something was going wrong internally, and news was leaking out.) I was in at 38, so I'm wondering whether anyone has an opinion whether I should take my losses and check back later or just hang in there. My great fear is that over the next 48 hours we're going to have a raft of down-grades by analysts and another wave of asian flu hitting the market.
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