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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: SteveG who wrote (847)8/18/1999 11:05:00 PM
From: Bo Le  Read Replies (2) of 1956
 
I am visiting Niagara Falls last four days after I put out my last short on RBAK at $221 and missed all the market activities last few days. This is my fourth time to travel to Niagara Falls. Just like previous times, I still fell how great our GOD is and how spetacular His creations are. Some different thoughts come to my mind this time, though. Looking at the Niagara Falls, suddenly I realized that the coming fall of RBAK and JNPR will be like Niagara Falls. I would say the plunge of JNPR will be like the American Fall. The plunge of RBAK will be like the Canadian Fall which is even bigger.

Even I am suffering quite a loss on shorting JNPR and RBAK now, my portfolio is marching towards all time high. I am here to stay for my pay day to come. RBAK's $50 million revenue can't and will not support a market cap higher than $500 million. A 90% plus correction will come.

RBAK will split in next few days so it may still have some life, though.

Bo
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