9/13/24 - $adbe - Small swing here at $530

9月13日

9/13/24 :: VROCKSTAR :: ADBE
Small swing here at $530

- quick comment here
- still a co that has >3.5% cash yields likely to grow double digits
- defn an at risk to AI situation (as are all software- frankly)
- but the beat and only small revision to guide doesn't show me any material deficiencies
- not the cheapest name at over 30x PE (still higher than META and GOOGL which i think have probably better protection to lead on the AI disruption front)
- so i'm keeping it small for now, not wed to it
- mkt wants to be bid into next week's highly telegraphed rates cut - not going to opine on this but to say - i have my positions (GDLC, BITW are core, NXT and CELH are large, and a pile of cash with some swings and well hedged lol hello salad bot SG again).
- so what we are seeing today is typical degross, reset. the fact it's not down 20% tells me there's lower risk it takes days to sort out.
- let's see. if i owned it, id not touch it
- if you don't need to own it, not a risk to waiting
- i'm just playing a lil bingo on a friday given my light exposure in the book, generally

have a good weekend everyone

V