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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: Bo Le who wrote (1242)10/18/1999 6:46:00 PM
From: Paul A   of 1956
 
Welp, it held 105.. were you surprised?

RBAK is getting predictable because the minute it bounced off 105, every short decided to take profit and cover..

I shorted at 117 1/8 near days end.. Although I dont agree with your opinions of fair value, Im looking to cover below 100.. thats where Ill go long again and play it allthe way to 200 or all the way to 10, whichever direction the market wants to take her in..

Any thoughts on tomorrows action? Looks like DELL just signed the death warrant on the nasdaq regardless of the CPI numbers..
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