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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: George Schulte who wrote (46563)	1/17/2002 10:12:03 AM
From: stockman_scott	Read Replies (1) of 65232

Redback Networks Reiterated `Strong Buy' at Wells Fargo By Steve Fohring 01/17 09:33 Princeton, New Jersey, Jan. 17 (Bloomberg Data) -- Redback Networks (RBAK US) was reiterated ``strong buy'' by analyst Chester White at Wells Fargo Securities, LLC. The target price is $10.00 per share. Earnings estimates: Period Previous estimate New estimate per share (USD) FY 2002 (0.28) (0.50) FY 2003 (0.08) ____________________________________ Tough to figure out the RBAK today....getting quite a pullback...have 2 Downgrades and 2 Upgrades....Lots of confused investors...I expect the stock to be volatile and then slowly rebuild. I have been in RBAK for a while and have buying on the dips since it was under $3...Just bought more this morning...=) Regards, Scott

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