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

To: David W. Taylor who wrote (2310)	3/30/1998 4:05:00 PM
From: Hugh W.	Read Replies (2) \| Respond to of 3111

David, how do you know they have no more bad news

To: David W. Taylor who wrote (2310)	3/30/1998 6:31:00 PM
From: AlanH	Read Replies (1) \| Respond to of 3111

You're not thinking straight! ...Upgrades happen because the stock has been depressed and the prospects are going to improve. Ahh. In order to think clearly, investors must accept that the ADBE situation is at rock-bottom? And, by extension, that ADBE should reflect some premium for as-yet unseen performance? Okay, I'm game. Would you please share how "the prospects are going to improve." (If you would be so kind, please offer specifics beyond 'new products are on the way.') Also, why was an earnings debacle required to generate "Buy/Strong Buy" recommendations? (Given the long-term nature of the play, and the continued uncertainty of Asia/NA, wouldn't "Neutral/Accumulate" be more believable?) Any insight is appreciated.

To: David W. Taylor who wrote (2310)	3/30/1998 8:54:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 3111

All shorts and longs, from Barron's On-line tonight re:ADBE Message 3893025 Dave

To: David W. Taylor who wrote (2310)	3/31/1998 1:05:00 AM
From: dale sicher	Read Replies (3) \| Respond to of 3111

Rocketman returns fire. A few comments and observations on your response to one of my earlier posts: You're not thinking straight! Quite possible, my cyberfriend. My thinking is not always as linear as my rockets' trajectories hopefully are. Then again, this market has seemingly gone nonlinear so maybe there is an advantage to that. However, your following statement shows that YOUR thinking may very well be naive. Upgrades happen because the stock has been depressed and the prospects are going to improve. Do you honestly believe that these anal-lysts and brokerage firms exist to make the average schmuck on the street money, or will you allow for the possibility that their primary interest is in making money for themselves and their PAYING clients? You've never heard of a firm upgrading a stock @ $45 and later downgrading it @ $30? Read briefing.com or watch SquawkBox on CNBC...it happens almost every day, pal. Note that I don't blame them...I'd do it too if I could. Sure beats working for a living, doesn't it now? The stock is going up from here. $60 is going to happen sooner rather than later. Suits me just fine. As I mentioned earlier, I am not a long bull or a short bear, I am a neutral bunny. I'm sitting on April 40 puts and April 50 calls. I couldn't care less which way Adobe moves as long as it just MOVES! When Adobe topped out over $49 and closed @ $48 last Thursday don't you think I was pulling for some decent earnings? (50 is alot closer to 48 than 40 is, you know) But when I saw those horrendous earnings my first reaction was that this sucker is going to tank (and deservedly so). In the old days (way back in '96 and '97) if you beat the numbers you were rewarded and if you missed them badly you were rightfully punished. Maybe one day in the not-too-distant future we will return to those tried and true rules of stock valuation. In the meantime if she runs to $60 soon then fine...I'll pocket 20 grand for a $4500 investment...not a bad return for one month. If that happens, though, I'll consider it a pure gift from the stock gods. But I'll bet you dollars to doughnuts that if this trade proves profitable it's gonna be on the downside. From your post of Mar 29 @ 2:27 PM: To be perfectly honest, the last week terrified me. Adobe shot up and made us all believe. Hours later I was certain we would lose 3 times the gain...My gut says lighten up here and I may do so next week. And from your post of Mar 30 @ 3:32 PM (barely 24 hours later!): Long, happy and thinking of getting longer. The shorts are in for some pain here, which is why we are hearing the screams! Just WHO is it who's not thinking straight here, David? All of us investors oscillate between fear and greed, but you take the cake! Tell me, what unknown secret in Adobe's fundamentals did you unearth Sunday night to have brought about this sudden revelation? Please don't tell me that you're going to buy more Adobe just because it only went down 2 1/2 points instead of the 12 1/2 it should have! I think you should consider yourself very fortunate that the other shoe has not yet fallen. But then again, with your investment style there is still a chance you'll get stomped. I honestly hope that doesn't happen. Take care and good trading. rocketman