Tuesday, April 19, 2005

Morning rebound for MACR and ADBE

Macromedia hits new 52 week high in early morning trading. Most likely showing investor confidence on the Adobe purchase of Macromedia as well as some bargain hunting.

Adobe also gets a bump in after hours trading and continues to move up shoing signs that it may recover quickly from the selloff accompanying the acquisition announcement.

Other tech stocks appear mixed.

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