Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: Bridge Player who wrote (1234)	10/17/1999 10:46:00 PM
From: coachbobknight	of 1956

rbak...i think we will be testing 105 on tuesday...from there it depends on the market...if things are weak then the intra-day lows of 94-95 from last month will probably come into play... so many sellers tomorrow...my guess is for an open of 122...a few upticks then a drop to 115...we might even see 110-112 if the market is weak enough tomorrow i studied the trading patterns of the last 2 lock-up weeks...open gap down and then trade lower from there...on the second day and third days there have been attempts to push it higher but these have been met with more selling and lower lows...july 27...aug. 31 are the dates for those interested... i watched the big MMs short rbak all afternoon friday...their bids were props to short more anonymously from the other side...we might just have everything on our side this time... weak market...MMs are short...CFO RESIGNS...3-4 millions shares to be sold this week<estimate came from analyst bastard community so probably a few more than this number>...and new competition from mrvc, nortel... i like to wager,, william...long is wrong these next few days in redhack...what say you?? for he who asked...iu basketball seems destined for another mediocre season of losing in the 2nd round of the ncaa tourney,,,knight can't recruit the kids to play for him because he is too damn frightening...

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