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


To: Peter V who wrote (223)7/7/1999 1:15:00 PM
From: TIG  Read Replies (1) | Respond to of 1956
 
Today's volume is not impressive either, indicating the selling pressure is on but not overwhelming. This stock maybe ready for a temporary drawback around 130 or so, but I would think there are still quite a lot of buying interests to support this one giving the impressive interview by its CEO. The downside risk is if the volume continues like this, the stock will fall just like other recent IPOs. Volume dries up, stock goes down. But the MM players may still try to bid this baby up as I think RBAK has a good story to tell.
Tig