the baloney is just going to keep flowing. could be months before this sees 50s again. luckily i have had some other gains to offset this. something is going on here. just leave it alone. hate this stock.
Your right ADBE is headed for new highs but there is a lack of conviction in this buying as the volume just is not their. Could be ADBE firing in share repurchases and short covering as ADBE hits the new highs. What say u Snowball?
Looks to me from watching Level II data that ADBE is getting support at $63.20. I don't see big blocks but this could be easily disguised. I calculated that ADBE had $800 million for share repurchases going into this Quarter but in FY 2013, ADBE spent $1.1 B at an average price of $46.47. Perhaps ADBE is pushing its stock up higher with repurchases as the trading volume has been kind of light so it would be easier to pump up the stock this way. Any thoughts?