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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Brasco One who wrote (33)6/1/1999 11:01:00 AM
From: The Irb  Read Replies (1) of 1956
 
Time will tell if it was smart, but I got out at $103. Felt like gambling to me. (Redback's price-to-sales ratio---not to mention the non-existent PE ratio---violated all of my value-investing principles.)

As I see it, all broadband companies (both DSL and cable modem) have the first couple of years of growth already factored into the stock price.

I do still like Redback's long-term prospects, so it's just a matter of finding a more reasonable re-entry point. (~$60-75?) Until then, RBAK could still be good for some (high-risk) trading gains due to the small float, don't you think?

Happy investing/speculating, y'all....
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