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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: TraderXx who wrote (118282)12/6/2000 12:09:28 PM
From: Lane Hall-Witt  Read Replies (1) | Respond to of 120523
 
X -- ADBE: The immediate catalyst for the selloff is AAPL, since ADBE relies heavily on AAPL users for sales. More broadly, I'd imagine it also goes back to the downgrade several days ago: the note stated in strong terms that growth and margins have peaked for ADBE, which is bad news for a high-P/E growth company.