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

To: jmanvegas who wrote (1050)	9/2/1999 6:31:00 PM
From: jmanvegas	Read Replies (1) \| Respond to of 1956

Now after all is said and done for today let's put some things into perspective. 1)RBAK now has an approximate market cap of 4.7 billion - a couple of billion less than what CSCO paid for Cerent. 2)RBAK has tested its breakout of 190 pre-split (95 today), held and rallied strongly in the face of a negative market. IMO, I believe that the $95 low for this downward move is in. 3)Several major funds have had positive comments about RBAK very recently and are accumulating shares. 4)RBAK's box will capture the vast majority of the DSL market (IMO - at least 80% - this was also mentioned by a major fund manager). Their box also works in cable, etc. The RBAK product is extremely compelling - a breakthrough product. 5)Losses at this stage don't mean a thing - market share does and no one has a competing product as of yet, so RBAK is first to market. (You all know what that means.) 6)After 2 interest rate increases, declining dollar, skittish stock market, a third rate increase probably around the corner, lock-up period ending which everyone is aware of, RBAK closed at $108 1/2 today ($217 pre-split). Pretty compelling. Did RBAK drop from the 140's - sure - it got ahead of itself - now it is doing its technical thing by testing former breakouts through a normal correction/consolidation phase. 7)Although RBAK hasn't been around long enough, the charts are trending up and no major trend lines have been broken. IMO, today when the DOW was down 200 points and Naz off 50 points this morning - you would have thought that RBAK would be taken out and shot never to recover again. It rallied strong into an overall market weakness. In the face of overall negative tones for the market, RBAK is sitting at $217 pre-split. Somebody on Wall Street is a lot smarter than I am. All I know is this is something you don't fight from the short side. Until the trends change, whether it be from RBAK itself or the market crapping out, in which case no stock is safe, IMO, the only way to play RBAK is from the long side. DO NOT FIGHT THE UPWARD TREND unless it changes or the fundamentals of RBAK change for the worse. I don't see that happening anytime soon. Pick your spots, buy on weakness - don't let any short spammers on this thread or anywhere influence you out of your shares.

To: jmanvegas who wrote (1050)	9/2/1999 10:50:00 PM
From: JoF	Respond to of 1956

jmanvegas, Your name Vegas must mean your from Vegas, or you invest like your in Vegas which makes sense to me after reading your take on RBAK. Your quote, "All RBAK needs at this time is one product because it is so compelling," speaks volumes! Your a very rude, evil sounding little person, that knows nothing about investing but lots about insulting people. Go back to the Yahoo board or Raging Bull, where you belong! How did you scrape up enough money to pay for your subscription to SI, anyway? Steal it from your mom? BTW, you can stick that cheap cigar you claim to smoke straight up your butt and you can kiss mine! Cheers, Jo