ADOBE
TAKE PARTIAL PROFITS ON ADOBE $ADBE RIGHT HERE AT $28.10 ON MICROSOFT ACQUISITION RUMOR
October 7, 2010
The source of the rumor is NY Times article. We have been building a long position on Adobe $ADBE, it is prudent to take partial profits here.
MORE ON ADOBE $ADBE
September 22, 2010
After our post, in the after hours trading, Adobe slightly moved up resulting in no fill at our price. The new price range for the first scale in entry is $26.50 to $26.25 with an eye towards an average entry price towards the lower end.
As expected, there are multiple downgrades this morning. Interestingly, the analysts who were recently upgrading at $33 on Apple decision to allow Flash are now downgrading at $27.
This is another example of the power of the ZYX Change Method. At the time of Apple news, we analyzed Adobe but it did not pass our screens. Now we have a buy signal from the method at 20% better price
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