Posted by DigiNomad on 16th of Feb 2024 at 12:07 pm
ADBE popped on my scan for egregiously overvalued mega caps last
night. I was compiling a list for whenever this market
decides fundamentals matter again. When it eventually happens,
there's lots of meat on the bone with ADBE.
I'd much rather short ADBE than SMCI. Not even close in terms
of valuation.
"egregiously overvalued" .... so is probably tons of other stuff
out there ... but I didn't know valuation was an important factor
in today's world ...
ADBE weekly - big drop
Posted by timebandit on 16th of Feb 2024 at 11:47 am
ADBE weekly - big drop below support this week
Yes Bandit - I posted
Posted by steve on 16th of Feb 2024 at 11:59 am
Yes Bandit - I posted ADBE chart here yesterday prior to breakdown.
Ah, even better! Sorry, been
Posted by timebandit on 16th of Feb 2024 at 12:07 pm
Ah, even better! Sorry, been out of the loop of late. Doctos appointments and such. All good. Hope your vocals get better, Steve!
ADBE popped on my scan
Posted by DigiNomad on 16th of Feb 2024 at 12:07 pm
ADBE popped on my scan for egregiously overvalued mega caps last night. I was compiling a list for whenever this market decides fundamentals matter again. When it eventually happens, there's lots of meat on the bone with ADBE.
I'd much rather short ADBE than SMCI. Not even close in terms of valuation.
On the weekly, if you
Posted by timebandit on 16th of Feb 2024 at 12:09 pm
On the weekly, if you look at the top in 2021 and recent behavior, nearly identical pattern
"egregiously overvalued" .... so is
Posted by mla127 on 16th of Feb 2024 at 12:08 pm
"egregiously overvalued" .... so is probably tons of other stuff out there ... but I didn't know valuation was an important factor in today's world ...
It's not easy to pop
Posted by DigiNomad on 16th of Feb 2024 at 12:14 pm
It's not easy to pop on my "egregiously overvalued" scan. High bar.
ADBE:
Current PE > 45
PEG > 3
P/S > 13
P/B > 15
Digi - I hasten to
Posted by steve on 16th of Feb 2024 at 12:41 pm
Digi - I hasten to guess that you will find several other candidates
Small list with those parameters
Posted by DigiNomad on 16th of Feb 2024 at 12:51 pm
Small list with those parameters in the mega cap category