$Adobe (ADBE.US)$ here comes another disastrous earnings qua...
$Adobe (ADBE.US)$ here comes another disastrous earnings quarter for Adobe despite them guiding down I wonder how many people here are going to be put buyers earlier in the week last time it got down what was it 40 bucks..
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
R/Everythingstocks
1911Followers
26Following
13KVisitors
Follow
Djakin470 : What put strike price did you buy? Thanks
10baggerbamm OP Djakin470 : sadly I didn't they picked up I guess it was a downgrade this morning and I saw the stock down like 10 points but I think it's more than likely more bad news to come you can just look at what happened to say snowflake you know they lowered their earnings expectations several times last quarter and then the stock got taken apart when they came out with earnings I think Adobe is probably going to be in that same position even though the guidance was lower these are big companies and in 3 months to change the direction of business to book a significant amount of business so that you exceed your guidance I don't I don't subscribe to it I think it takes much longer to fix bigger companies than one quarter so I think you'll see another disappointment but no I didn't buy puts I can congratulate those who did because I think you're going to be very well rewarded shortly
Djakin470 : Thanks for the reply. A lowered guidance can lead to more than 15% down. So I will look @ 385 strike.
Jason Saw Djakin470 : I’m just trying my