Michael, thanks for the opinion on ADBE. I am afraid that this stock might lift up a little in AM, then MM will start dumping as some managers have already started dumping today on 4 separate occasions on Wednesday, but the stock still closed at higher than the open.
It looks looks like it has a strong demand for now, but I have seen these kinds of stocks bounce up quickly, then sinks again in few days. An example of that was BILL, which has sank more than 3 times in the last few months.
The company has hinted towards a negative earning per share this quarter while it was supposed to earn 50 cents per share. Isn't this kind of a loss too dangerous for a stock in a bear market?
Why would anyone even bother with it?
Finally, you said: >> IMO, this one was a good short a few weeks ago.<< Why didn't anyone discover it few weeks back ?
I think it may have some upside potential, but it will get worse before it starts moving back upwards. Thus, I am thinking of shorting it for few days, What do you think ?
Again, thanx for responding :)
1_DAY_TRADER |
