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Technology Stocks : Adobe (adbe) opinions -- Ignore unavailable to you. Want to Upgrade?

To: Jay Brandes who wrote (2743)	12/7/1999 7:55:00 PM
From: Tom L. French	Read Replies (1) \| Respond to of 3111

I'm inclined to agree but... this action makes me nervous, because 1) ADBE has not broken its 50 Day MA since the 1sr Qtr, 2) it is a turnaround of sorts or at least a recently come alive story...which raises the question is it for real and can the growth be sustained; in 1/96 it was at ~35 and 1/99 it was at ~25, and now it is at ~60... and its been a great year. I read one fund manager (can't remember which) said it was his best pick for 99. Having said all that, I'm more inclined to get out (I got in did almost 50%, bought more and now under 10%), because the momentum is gone... see the chart below (those long black candles are VERY bearish) askresearch.com ...then again maybe it is a buy--and will hold at the 100 day MA...after all the momentum players are gone. P.S. for those who know the products/story better than I (and there are many on this board), my problem with Acrobat (which seems to have HUGE potential in the NET world) is that you can't change the document AT ALL. So, with MS Word you have NO security (work arounds for read-only are well known) and with Acrobat you have security but also total inflexibility...where I work the demand is mounting for Word because of that.