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


To: J.Y. Wang who wrote (803)8/14/1999 1:28:00 AM
From: RickM  Respond to of 1956
 
I apologize. Didn't really mean to be so nasty...should'a kept my big mouth shut.

My approach is technical and I don't care about the fundamentals..I'm concerned about price behavior..momentum.

Anyway, can anyone tell me why this stock is behaving this way?

Here's Zack's current ratings;
2 - Strong Buy
1 - Moderate
1 - Hold
Why are there 2 strong buys?

First Call Analyst Consensus Recommendation: 1.8 (1=Buy, 2=Buy/Hold)
Long Term Growth Rates Next 5 Years - Median 40.0%, Industry Growth Rate 23.5%

Institutional owners are;
PUTNAM INVESTMENT MANAGEMENT
AXE-HOUGHTON ASSOCIATES, INC.
MELLON PRIVATE ASSET MGMT
VANGUARD GROUP <--- interesting
NICHOLAS-APPLEGATE CAP MGMT

I don't think I'd short this one even though I wouldn't be shocked if it fell off the earth on Monday.

R.