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


To: country boy who wrote (2142)3/17/1998 1:20:00 AM
From: Mad Bulgarian  Read Replies (1) | Respond to of 3111
 
Hi, I'm new here but have been following ADBE for a while. Looking to get in, but have a few questions for the thread.

Seems like for the past 2 years ADBE has followed a very predictable trading pattern, and I'd like some advice on how to play it from here.

The stock has been making 16-point or so swings with higher lows and higher highs; the lows have gone from about 30 to 32 to 34 and the highs from 45 to 48 to 52 (or so).

It seems that we are now in the middle of another uptrend with possibly the next high in the mid-50s. It seems that earnings will not disappoint, and may actually be good, given AAPL's condition. Then there was the very nice writeup recently in Smart Money.

Yet several people here have sold at the current level. Is that purely short-term trading or do you expect that this is as high as we go? If I enter here the ride to $56 or so would be a nice 25% gain.

Any advice?