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Wednesday, January 18, 2012

ADBE

If there is a broad based sell-the-news effect after MSFT or IBM reports, I am looking to enter ADBE.

I really like the technical set up, but it is overbought, and I am concerned of the sell-the-news on earnings.

Also, ADBE is positioned very nicely for HTML5. HTML5 should see a major push this year as greater processing power in the handset and LTE gains traction.

LTE should gain much more traction this year, especially if iPhone 5 (LTE version) is released and battery life concerns (in general for the technology) are alleviated.


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