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

To: Lucky888 who wrote (213)7/6/1999 10:01:00 PM
From: Herc  Respond to of 1956
 
I'm envious, but I would be finding some nice resistance level below and putting in an iron clad stop. This can't last. Especially since the 21 m.a. Nasdaq arms is way overbought and the 10 m.a. is headed there.

How do these things happen? Momentum followers??

As the stops cascade, it could be gory.



To: Lucky888 who wrote (213)7/6/1999 10:26:00 PM
From: rogermci®  Read Replies (2) | Respond to of 1956
 
Good news Lucky..you might get your $165 tomorrow. RBAK will be on Squawk Box tomorrow morning. I must pay it a visit myself. I hope it has a little gas left.

roger



To: Lucky888 who wrote (213)7/7/1999 12:39:00 AM
From: speedbot  Read Replies (1) | Respond to of 1956
 
I have monitored RBAK hourly since May 18. RBAK is certainly not a buy at these levels but it will confound short indicators even under bearish market conditions.

You are shorting against a microscopic 2.5 mil float in the hottest sector playing in an awakening market.

Your bravado may help you cope in the short term but it will only be archived here to burn you later.

Happy trading.


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