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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (12677)	8/13/1998 4:25:00 AM
From: 1-DAY-TRADER	Respond to of 18691

As expected, your response was excellent. Thanks for you opinion which I dearly value. I, too, think it might go down more, but I don't know what level to short it at. I found this on it, hoping it would help us: redherring.com which says >> IN BRIEF: ADOBE BLEEDS BAD NEWS By Red Herring Online Staff Red Herring Online August 12, 1998 Adobe Systems' (ADBE) stock was down 13 percent in late trading on Wednesday, as investors reeled after a spate of bad news from the company . On Tuesday, Adobe warned that third-quarter revenues will fall short of expectations. Also, the company announced that its chief financial officer and two other top execs have resigned, and further announced that it will fire 10 percent of its staff. The stock was trading below 27 late Tuesday, down nearly 4 after recovering from a 20 percent drop earlier. Adobe says revenues, to be reported in late September, will be between $220 million and $225 million in the third quarter, compared to $230 million last year. The company said it expects a break-even quarter, and possibly a loss if one-time charges are included. Analysts expected profits of $0.52 per share. Adobe officials said slumping demand in Asia contributed to the problems. The company has also been slow to release new versions of its Illustrator and PageMaker programs. << Does this look like a good short-term short?? or long?? I am thinking more of a short for now, then flip on it later :) Thanx for your response :)