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

To: Michael Ohlendorf who wrote (2198)	3/26/1998 5:35:00 PM
From: Sam	Read Replies (1) \| Respond to of 3111

Well, I don't follow BAY or COMS very much, so can't comment, but QNTM's warning was completely different than ADBE's report. QNTM was already washed out, the news wasn't really especially shocking, and was even a little reassuring, if their forward statements actually pan out. ADBE's revenues were sharply down, which was somewhat expected, given that they had two major upgrades in last year's first quarter, but their Postscript revenues were also down sharply, their cash was down, the stock is NOT washed out at 48; in fact, it is within shouting distance from here if the report had been a good one. Also, they said that US revenue was weak in addition to Asia. I find nothing in this report to like. The only good thing I can think of is that they will have major upgrades later this year and into next. But that won't help them tomorrow as the hot money that has gone into the stock today and the last couple of days will leave as quickly as possible. I think now that the stock goes into the 30s within the next week or two, unless the CC pulls a rabbit out the hat.

To: Michael Ohlendorf who wrote (2198)	3/26/1998 5:47:00 PM
From: chapter11	Read Replies (2) \| Respond to of 3111

>> Up at least 2 bucks tomorrow C'mon, that's not reasonable. For what other reason than expectation of good numbers was the stock up today? With the now disappointing numbers, the stock will close tomorrow lower than today's open. My guess is MUCH lower. chapter11

To: Michael Ohlendorf who wrote (2198)	3/26/1998 6:24:00 PM
From: country boy	Read Replies (1) \| Respond to of 3111

<<>> NOT All of you: Man, nothing like a 4 buck move to bring you all out of the wood work. You're loaded with opinions now, but where have you been the last 2 months? Not here. I've maintained for two years ADBE is nothing but a traders stock. Longs, with all due respect, have been suckers. I posted yesterday I'd buy near 43 after shorting at 45 but didn't get it today---started out strong from the get-go. I bought at 44 and sold at 47 today. I then went short at 49 and have not yet covered. Why? I had no idea about the earnings, but up 6 points in two days on NO NEWS is too much for this stock. As for those of you seeing a similar action in COMS, what are you looking at? Coms states inventory problems are over and significant improvement ahead. Mac Rev's DOWN 30 %----coupled with Apples good strides lately this can't be good. Anyone think shorting at the open will be the best strategy for next few weeks? Good trading country boy