Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: tsunami who wrote (1205)	10/15/1999 12:38:00 AM
From: coachbobknight	Read Replies (1) of 1956

<<And most of the stocks in that index have low floats that a mention by a reputable money manager has an impact on the trading of the stocks. [IMO he is not aware of that fact] I still remember how surprised I was when I first learned Mr. Cramer was long RBAK. Hard to believe.>> big wave...this is an interesting point...cramer has written in the past that he won't mention any of the small cap stocks that he owns because they have small floats and he doesn't want to take unfair advantage of his columns...YET...as you stated, he abandons his own rule for rbak, jnpr, phcm and other red hots which have virtually NO FLOAT... i do not think this is a coincidence...and it pisses me off...he created an enviiornment of legitimacy for these valuations...an enviornment that spurred institutions and retail alike... that being said...these high valuations will eventually hurt these companies as they struggle to meet heightened expectations...

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