bought more ADBE today

whodi · #1 06-26-2007, 12:19 PM

Bought 5,000 shares of ADBE at 39.36 earlier today off lows.

whodi · #2 06-26-2007, 12:23 PM

Hey goods, ADBE has a bullish Flag formation intraday from 11am to current. Just an FYI, so you can see another formation of what it looks like.

Goods · #3 06-26-2007, 12:45 PM

Hey Whodi. Just got home.

I see the bullish flag but it seems to be going on too long unless I'm just overthinking it. As I'm writing it looks to be breaking out downward...

whodi · #4 06-26-2007, 01:04 PM

yes, the longer it takes, the bearish it gets, means a lot of pressure on it to break over it intra day at least.

Goods · #5 06-26-2007, 01:07 PM

I shorted 500 sh @ $39.68.

Please tell me quick if that's the right call. Thx.

whodi · #6 06-26-2007, 01:13 PM

39.63 is the entry point, from the low at 1:54

whodi · #7 06-26-2007, 01:18 PM

NAZ ticking down, which will help the trade

Goods · #8 06-26-2007, 01:26 PM

Covered at $39.53 for $75 gain. Saw the buying volume start to rise against the selling.

That felt good. Might be starting to get it

Goods · #9 06-26-2007, 01:29 PM

Btw, I still have 100 sh @ $43.40. How far under the SMA 200 is considered too much?

whodi · #10 06-26-2007, 01:29 PM

Nice work

whodi · #11 06-26-2007, 01:30 PM

keep ur eye on that BX trading range

Goods · #12 06-26-2007, 01:31 PM

Gotta go back to work. Hopefully I can get back before close. Thanks again.

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