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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: james-rockford who wrote (1911)1/22/2003 12:54:02 PM
From: im a survivor  Read Replies (1) of 1956
 
I'm tempted to add, but at current level, I think we either head back over $1, or tread back down to possible previous lows...so I will just hold what I have and watch and wait...if she gets below .40, I may start nibbling again and adding......the one positive in it's favor...they need to get back above $1 to stay listed on Naz....I think they will do everything possible to achieve this and not get dropped...the flip side...if she does get dropped, I expect a 50% one day haircut, which could be a good time to buy for that dead cat bounce.....As for NOK...I don't think we will hear a word about RBAK, although nothing would make me happier then to hear them say they plan to take a larger stake....I just dont expect them to say that...at least not right now....but who knows...if they liked it at $2.75, how can they not like it at .70? What has changed other then the price since they first bought? Not much...sure world events and capex spending is hurting everybody, but what thing has changed company specific, since NOK first bought their 10% stake at $2.75...not a whole lot....so, it would seem to me that NOK, if they still like what they see, would try to aquire a larger stake at lower prices...but then again...who know's what NOK is thinking...I wish I knew because it is the NOK factor that first got me to buy, gave me the confidence to buy more in the .20's and still keeps me in this stock, even though I did take some shares off the table after it's rise from .20's to .80's
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