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Technology Stocks : Redback Networks, Inc. (RBAK)

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To: William F. Wager, Jr. who wrote (51)6/4/1999 7:08:00 PM
From: jason  Read Replies (2) of 1956
 
Anyone who shorts a stock just because it seems to be over-valued is crazy. Many declared EBAY to be over-valued at a split-adjust price of 15, thinking the stock, at a market cap of ~$2 billions, was way over-priced. The short-covering by these guys made the subsequent move in EBAY stock so much more powerful. RBAK has all the potential to be the next CSCO, and with the number of floating share so small, the coming short-squeeze can be as powerful as those with EBAY.

Also check out MAKR. Look very interesting to me. Could be the next BRCM.

Good luck!

Bluesky Qin
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