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

To: Philip Williams who wrote (1008)	8/31/1999 10:11:00 AM
From: Peter V	Respond to of 1956

The closest thing I have to Level II is an ISLD ticker, but you can get that yourself for free. It shows only those orders on the ISLD system, and as such is quite limited. I don't see a lot of buy or sell orders to be honest. But I am seeing a number of 1000 shares blocks on the buy side right now. But if this thing breaks well below 105, we may see some panic selling.

To: Philip Williams who wrote (1008)	8/31/1999 10:52:00 AM
From: sam	Respond to of 1956

In my opinion (I am neither long nor short RBAK -- but follow it closely) RBAK has support at 105. If that support doesn't hold it'll likely fall to the high 80s or so. Since many of the speculative stocks are weakening on interest rate worries, it just may fall. That said, I suspect it'll pop back up fast. Sentiment is still positive. And as we all know sentiment breeds momentum.