You have no idea who you are talking to, do you?
If you did, you would not even think to try to
"teach" how to trade.
There are many ways to trade
profitably, and you have no clue as to what system I am
using. Hint: It doesn't involve stock at all.
have made far more money in the markets than Mr.
Darvas, thank you....
is always a matter of the opinion of the analyst.
For what it's worth, the S&P Investor's Monthly (ex
Fidelity's site) has a fair value portfolio, which they
update monthly. For several months they have been
updating/adding to their estimate of Adobe's fair value. The last
one I saw was in August. At the share price then (mid
80's) their fv estimate was 101. Will have a look and
see what the more recent one says.
been smarting with yesterday's nosedive...but took a
deep breath and bought more just before the close.
I'm no expert by any stretch -- and I don't have
a specific bias
about Adobe but I have seen
some site(eg.http://www.mbanalysis.com and compuserve)
that have a fair value of ~55 for ADBE. I do know that
Microsoft which is by far making more money than ADBE is
trading in the 80's. While in SF I went to the Seybold
thing and Macromedia had just as many people at their
booths as ADBE. Ulead was somewhat slower. I also noted
that Internet interest seemed less energetic than in
January at the MacWorld Expo for site building. These
observations, naturally, are not scientific.So I do think that
Adobe might be a little over priced for its value - but
perception is everything and if people perceive it to be a
dynamite stock it will be I suppose. Good luck traders.
Read Nicolas Darvas's book, "How I Made
$2,000,000 in the Stock Market." It works well for the momo
rides like this one. As everyone knows but seldom
follows...once you find the right stock, the trick is in the
trailing stop and allowing it to kick you out of the
trade, whether you like it or not.
emotions and trading bias TraderJim. The stock is starting
to show signs of losing its steam and you're excited
about buying in on 9.7% dips with almost 3 times the
normal one-day volume? I'm counting 6 days recently
where the top has been challenged and rejected. The
"buy" you're looking for comes on a breakout about that
ceiling, NOT at the bottom of the current trading range.
Sell on your stop and add on breakouts to new highs.
That's the ticket laddy.
PAPO, I bought some the other day I got an email.
I like what I read about it. It definitely could be
the next Broadcast.com
Did you get this
PAPO is getting noticed all over the
I am hearing rumors that Morgan Stanley is
extremely interested in this story. The stock is trading at
$1.00 Very few people even know about it right
Wait til everyone else finds out about it. PAPO
recently acquired WorldLink. WorldLink is very similar to
They Broadcast concerts live on the
Forget him Trader Jim, He's just pulling our
chain. Obviously, he is clueless to Technical Analysis
and your talking above his head anyway. I plan on
buyig after it opens and settles down, maybe an hour
later. You don't want to get caught up in amateur hour.
C-ya, gotta go eat...
Ummmmm, have you tried computing the trailing 12
month or forawrd looking 12 month PE ratio, or the
Price/sales and Price/book ratio for ADBE, and then compaered
it to the rest of the sector?
If you do this,
you will quickly see that ADBE, even at $105, is at
the low end of the range among this sector.