ADBE pivot time is now or never. I already had a position a few weeks ago and added to a shorter length position this past week. ADBE is in the monthly demand zone. Before earnings, we sat at a PE of 16, and the company bought back 4% of shares in the year. Their growth is picking back up, and revenue remains strong. Their AI products help the business, so the Abode is dead, and the narrative may end. This reminds me of the death of Amazon, Netflix, Google, Microsoft, and countless others that the market was wrong about. Volume is rising on the monthly timeframes.
My plan:
Earlier position: 400$ June calls
New position: 400$ November calls
I choose the more risky bet on this pivot as I am starting to note a lot of intelligent investors mentioning the stock is undervalued. Meanwhile the rest of the market is a bit overheated, people will be looking for value and yield on return. The Free cashflow yield on this stock is the highest its been in a decade.
My plan:
Earlier position: 400$ June calls
New position: 400$ November calls
I choose the more risky bet on this pivot as I am starting to note a lot of intelligent investors mentioning the stock is undervalued. Meanwhile the rest of the market is a bit overheated, people will be looking for value and yield on return. The Free cashflow yield on this stock is the highest its been in a decade.
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