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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Rock_nj who wrote (1893)1/11/2003 10:19:59 AM
From: im a survivor  Read Replies (2) of 1956
 
Yep, but there really is no telling what this "speculative" stock will do.....I can see it going to $10 as easily as I can see it going to .01cents........What has encouraged me is simply news the last few months....they seemed to land some pretty large contracts....My hope is that RBAK can survive and prosper on it's own, or will have something of value that one of the big boys will want and buy them out......With this in mind, I am staying long a fair amount as of now, and will add more if we see a big drop......I got very nice profits and some free shares to hold by buying near the lows and selling 75% in the .80's and .90's

Should we see the .20's again, I will again load the boat with more "lottery tickets"....Heck, if we see .50, I will probably start nibbling and add larger blocks the lower we go......why? Because I think these lottery tickets will be worth at least $2 when all is said and done, and hopefully alot more then $2....But I do think $2 is very reasonable...I think $5 is reasonable, so $2 seems very possible........I wish RBAK would pull an RSTN...they got whacked bad....but ran back above $2 and has been holding steady above $2 and looking fairly strong.....I would love for RBAK to make it back above $2 and have $2 as our new "floor"....good luck to all......so what do others think? Can this "speculative" play make it back above $2?
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