Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: Tom Hua who wrote (1241)	10/18/1999 7:24:00 PM
From: coachbobknight	Read Replies (1) of 1956

i covered my remaining 1500 shares at 108 and 109...and then i reshorted 3000 at an average of 115... this was actually EASY money today and believe me it feels good to be able to say this after fightin' and losin' to this beast so many times...but rbak and its ilk have taught/reinforced many great lessons about lunacy, madness and the nature of man...so for this i am thankful...if i make ten points on these 3000 shares then i will finally be officially even with this pig...AAGGHHHH!! my day wasn't perfect though because i ventured unaware into phcm split/mania/joe kernan/ land...and i suffered some...i am short 700 phcm @ 209 average... at least the split is out there now...it makes their earnings report even more likely to be a non-event... i am short rbak, phcm, and brcd....and i have a small long in INPH, which i will increase tomorrow...tom you should look into inph...earnings are thursday BEFORE the bell...they have remolded themselves into a SAN/FC co...most of their revenues come from HP...they are quite profitable...the FLOAT is only 2.2 million with only 5.6 million outstanding...and more than half the float is owned by institutions...the recent spike you will see was caused by one of these fund managers talking it up for 30 seconds one day on cnbc... it might surprise to the upside and i expect a very good cc...they compete with brcd among others...it is shockingly cheap... my only other long is zoox where i added 3500 today and now have 7k at an average of 50...i will add more as it falls...if things get ugly it could drop...i am hoping it does...i expect 69-70 by next tuesday... tell me what you are playing...

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