Redback Networks, Inc. (RBAK) Message Board

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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: William F. Wager, Jr. who wrote ()	3/4/2000 12:22:00 PM
From: desert_rider	Read Replies (1) of 1956

SOLD ALL RBAK @ $336.00 I have been buying rbak on the dips since last summer. Last week it soared $85.00 per share and in the last month it has soared $147.00 per share.It has almost doubled in a month. An analyst on 2/28 raised to a "buy" with a target of $325.00. He did not give a time frame. Usually they say 12- 18 months or short term. I don't think, however, that he meant a week. The chart shows way above all ma's and it is in huge record 52 week high territory. These are not reasons to buy but to sell. I know of better uses for profit in this economy for the $34,000.00 per 100 share lot I received. Motley Fool boards says the correct time to buy great companies is when others are rushing in to sell. I recently took large positions in cnxt @ $81.00 per share and IBM at $99.00 per share. The opposite is true, too. The time to take your profits are after huge run ups with no apparent ground breaking news. The hardest thing to do is sell when it increases so much because greed blinds and its hard to buy when the price drops 60 pts i.e. cnxt or 40 pts i.e. IBM.

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