Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: William Griffin who wrote (1272)	11/4/1999 7:45:00 PM
From: Paul A	Read Replies (1) of 1956

wow.. thats a pretty tall order heh.. and I have non of this information written down so I can only give a few left over memories if you dont mind.. in mid October RBAK announced fantastic earnings, however they also surprised everyone with an early release of 12million shares effective the following Monday.. Thats where if you look at the chart, youll see the huge drop off from the 150s back to 110.. CMTN did the exact same thing, but it was 10 million shares if I remember correctly. It too dropped considerably but had decent support from MM. I think RBAK is ridiculously overpriced. I also think the JNPR is out of control, along with the rest of the 'red hots'.. but there is SO much money to make playing these stocks long, and Ill bet it goes right into middle of next year. RBAK, CMTN are cheap compared to the rest of the high fliers I sold my RBAK at 139 today, only because of the 8:30 surprise tomorrow. Will be back in to hold over the weekend... By new year it will have blasted out a new high. Thats being conservative too. Good luck!

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