Why ? Wait until there is more liquidity and you have enough losers or longs in up here . Only 60 k shares have really traded above 57.50 . So wait until players show up in am . See how much buying or selling interest there is pre market .
I like your thinking. Although CNBC does report that 1.1 millions shares changed hands after the bell, it seemed to me the trading in ADBE was very thin during After Hours. With its Cloud like P/E, PEG, and P/S ratios (props to federally2001), I really got to believe ADBE will sell off during the regular trading session tomorrow.
you're right numbers and guidance are bad .. except for subscription growth ..
for now ADBE is trading like a real CLOUD player ..
Oh well ,, May be Oracle should be more aggressive on cloud and then they can go with the buzz on the street.
At some point this will come down as 2016 EPS of 3 does not really be worth 58 stock price now .. May be 58 in 3 years but to give that now is bit of a stretch ..
Oh well - I think this will be mostly range bound between 50 and 60 for sometime depending on the market