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

To: Tom M who wrote (2230)3/27/1998 9:13:00 AM
From: country boy  Read Replies (3) | Respond to of 3111
 
Hey Tom,

Long time, no read!

Three days ago ADBE was priced at 44 with no news and a decent expectation of earnings. It's bounced between 43 and 45 for weeks. I think the runup yesterday is a "non-event." I don't see any way this stock should pull back only to 44-45 after that report ( where it was 2 days ago). If it opens near there, I'll consider it a gift and short like crazy.

I agree with you, we should be headed back to the 30's, with 40-42 being resistance. Don't know if we'll get as low as 33. If so, I'd go long. This strong market could keep ADBE propped up a while, but I don't see it holding.

Are you trading this one?

CB



To: Tom M who wrote (2230)3/27/1998 9:58:00 AM
From: country boy  Read Replies (2) | Respond to of 3111
 
Hey Tom,
!

I shorted more this AM at 46 3/4. I'm a little surprised it opened as high as it did, but obviously I don't expect it to hold; overall market propping it up I guess.
I really don't see why we're not at least back where we were two days ago before yesterday's ridiculous action. Ideas?

I would think we're going to revisit the 30's yet again.

CB


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