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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Philip Williams who wrote (1008)8/31/1999 10:52:00 AM
From: sam   of 1956
 
In my opinion (I am neither long nor short RBAK -- but follow it closely) RBAK has support at 105. If that support doesn't hold it'll likely fall to the high 80s or so. Since many of the speculative stocks are weakening on interest rate worries, it just may fall. That said, I suspect it'll pop back up fast. Sentiment is still positive. And as we all know sentiment breeds momentum.
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