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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: TIG who wrote (224)7/7/1999 1:27:00 PM
From: Peter V  Read Replies (1) of 1956
 
RBAK has potential, don't get me wrong, but it's clearly overvalued at this level. And the MMs seem to play games, but it's hard for me to tell without Level II. But on my streaming quotes the bid/ask goes up and down and up and down without any trades, which doesn't look right unless the MMs are chasing each other around.

And if RBAK gets some good press, it could spike again. But if not, look for it to sink back to earth.
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