20B dollars for THIS? In the current economic climate? Well, Adobe is already losing users and the competition is only increasing, so I guess it was only a matter of time. The company's future earnings reports will confirm this. Technical analysis also indicates a strong decline, very similar to the chart of NVIDIA. I already posted one idea and it worked almost perfectly, but due to the latest news, I would be happy to avg. down my short position @ $320-360. I might also buy some puts if the price rises to at least $350. News-Adjusted global targets now $100-150. This is my second biggest short position after NVIDIA.
