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To: Peter V who wrote (403)7/2/1999 5:45:00 PM
From: Rajiv  Read Replies (3) | Respond to of 790
 
There is no news to explain the rise. My guess as to why it popped up is some short covering before the weekend and possibly buying for a Monday opening gap (with the indices making new records every day -tulip lovers are fearless). As RBAK has a low float, it does not take much effort to make it move in a particular direction. As you can see, these are only wild guesses on my part.

Earlier this week (before the FOMC meeting), I closed out a bunch of shorts (including RBAK). I am yet to re-enter. I am waiting for a sign of weakness in the networking stocks (the internet mania seems to have temporarily spread to this area - the effect is more magnified in the stocks with low float and within the lockup period).

This thread has almost no traffic - three posts in three days (& all by you)

Regards
Rajiv