Discussions

ADOBE INC DRN forum

4 days ago

Is it reversal time??

Oct 7

lets get it bone.

Sep 29

also look like a shorts to me.

Sep 18

I'm not long but I like it here at this level - not for options, though. it's short term oversold (based on my parameters). i'd average in on any continued weakness and sell into strength as each buy becomes profitable.

I'd be surprised if it's not profitable from today's level (509.46) within a month, more likely a week or two unless there's a total market breakdown after the Fed announcement today. if it holds 500 I feel better about the shorter end of that prediction. if it breaks 500, the newer positions would become profitable sooner, obviously, so averaging in and not overextending is key.

i'd post it as an idea, but I feel obligated to my followers to keep updating it if I do that and i've got enough to deal with regarding those i've already posted and positions i'm already in.