...100% selling for 6 straight trading days. Absolutely no buying, no interest for some reason. They had a great quarter, decent guidance, and paid bashers are out in full force (motley fool, seeking alpha, thestreet, etc...)
You reply to or post negative stuff about Adobe and keep saying sell now. Why not follow your advice and move on. What is your problem. There used to be intelligent life here but now we got you. WTF berger boy, sell and go away. This is a great opportunity to buy in at a new low. You know what that is since you appear to hit one regularly.
ADBE also announced that they would be repurchasing stock. Imagine what the stock price would do if bad news came out about the company. Obviously, the decline in price is based on technicals in the market as a whole, not fundamentals.
that's true, the market hasn't been so rosy in general since Adobe announced last week. Two things that should work to Adbe favor is the next market rally and when buyers realize it's gone down so much/quickly and they'll smell a bargain after realizing the company is in great shape.
Since you reference them, you must be a fool as well. could you, for the benefit of the non-fool followers on this board, give us your definition of hammered? Try to be somewhat honest if it is possible. basically back up your claims.
lol... back up my claim? Have you been watching the stock trade for the past 6 days? lol, it's been getting hammered (the market is hammering nails into the stock, 6 days --> 20% downtrend and still going).
I have a long position in adobe, believe me i want this thing to go up, but honestly --> 6 days of nothing but selling, looks pretty clear there is no buying, no catalyst to push the stock up.