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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Lucky888 who wrote (208)7/6/1999 5:58:00 PM
From: TIG  Read Replies (1) of 1956
 
Lucky,

I just spend sometime DD on RBAK. The volume was quite weak, and the MM seemed unable to push it near the close. With the DJIA and NASD enjoying a week of run, tomorrow might be a breather, with the typical Yhoo after-earning selling, RBAK could pull back to first support around 130ish. But I still think 80 is a bit bold in a week unless the whole "broadband" sector lose favor on the street.

JMHO. Any comment welcome.

Tig
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