I can see YHOO at a 1500 PE at 160% growth as it's loaded with gamblers, and ADBE with 25% growth, the PE should typically be around 35 to 45. So yes I'd agree that it is overpriced. The best way to manage this investment is to trim it at times like today and load up when it crashes violently!
I think this stock will become increasingly
volatile and that is a TRADER's DREAM!
Let's suck some money out of ADBE stock on the swings!