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Technology Stocks : Redback Networks, Inc. (RBAK) -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (199)	7/6/1999 1:50:00 PM
From: Lucky888	Read Replies (1) \| Respond to of 1956

RBAK -- I am still in RBAK shorted from $120... I believe I will see $80 in a few weeks. L.

To: Peter V who wrote (199)	7/6/1999 2:26:00 PM
From: William F. Wager, Jr.	Respond to of 1956

From Hoover's: "Redback was the best performing IPO of Q2."<g>

To: Peter V who wrote (199)	7/6/1999 2:44:00 PM
From: William F. Wager, Jr.	Respond to of 1956

PV--you're right to compare this to AMZN. You probrably remember well last December when it was trading between 150-200 (pre-split) and Henry Blodget (then with CIBC Oppenheimer) came out with a target price of 300 and Jonathan Cohen (then THE internet analyst at Merrill Lynch) said,"no way, Amazon will see 50 before it sees 300!" You know the rest of the story--Blodget now is making Millions$$ as THE internet analyst at Merrill Lynch and Cohen was fired and landed at Wit Capital. The market will go up, the market will go down and no one knows when or by how much. I'll stay with the long side on this one and make much more than by trying to time it. Bill