After earning the same thing happen to Netflix and to another stock I own Akamai. For several weeks after earning they controlled the stock and brought it to over-racted lows. Same thing is happening with Adobe. I think the shorts want to see it back down below $20 and they are going to play on everyone's fears until they are happy.
If you are holding for a short term turn around... think again. I believe that eventually that Adobe will rebound, but watching what is happening is so reminiscent of watching Netflix after earnings.
I am looking to enter Adobe once it looks like it has stabilized - I think that it will be at least below $25 before that happens and it might possibly touch below $20.
Todays small bounce is on very weak volume. I'm not sure that we have a solid bottom in. It would be better if we hit a double bottom and then move up with heavier volume. I don't think everyone is convinced the carnage is over yet and the buying is tepid at best. I'm still holding off from buying today until I'm convinced that the downswing is over. Perhaps next week we'll see more earning reporting and if other companies will be giving disappointing guidance. Best of Luck!
Best of luck to you too. We'll see what a new quarter and month will bring. After Hours HP news is not being well received and could cause the market to be negative tomorrow. I'll try picking up some shares if ADBE stabilizes above $26.
Why do you write this crapola.
Nobody's stupid enough to believe these stories.
Your either short or a paid basher. Most likely the latter.
Adobe is going back to $30 it's just the same game over and over.
What is posted is nothing but the facts buddy... Sorry that it hurts, but I'm not short and plan on buying in when the time is right. So far it isn't. With setting a new 52 week low today an a downward trend I am merely pointing out that it is alway foolish to try and catch a falling knife. Once it stabilizes and the downtrend has reversed I will enter. If I had listen to you pumpers and cheerleaders like you I would have already lost two dollars on Adobe. You treat this like a game... fine then you'll loose. The only crapola is in your head due to the amount of money you've already lost and trying to will it up.
Well it wont breach 20 for too many reasons to name. Most of them you should know or not be buying it. You are part right on the shorts but some big boys have exited and not bought. You are dead on its not stable yet and I see it drifting lower specially if we get some sort of global news.
Too many wanting to try and catch a falling knife. It may not reach $20, but it could have a way downwards to go. I have some buy in points starting in the $25 range. Adobe sure got hammered in 2009 when the crash happened and I don't think anything like that could happen here now, but never say never and do not fall in love with your stock choices. It is better to cut your losses and enter at a lower point when it looks more stable.