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

To: jason who wrote (204)	7/6/1999 4:28:00 PM
From: TIG	Read Replies (1) \| Respond to of 1956

Jason, I agree. This stock is no doubt overvalued in the short term, but that does not mean it will go down immediately. Especially these high fliers have more to do with market sentiment than with fundermentals. I read some earlier posts that someone started shorting RBAK around 120 and hopeed it goes to 80, I hate to say this, it will not in any time soon unless we have another after-earning market slump. It is possible for this stock to pull back a bit around 130ish but I would think 80 is a stretch. Cases in mind, AMZN, EBAY and KTEL, anyone who attempted to short them either got killed, or wandering around shirtless.