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

To: Tom Hua who wrote (1130)	9/22/1999 9:20:00 AM
From: J.Y. Wang	Respond to of 1956

So is RBAK finally going to tank? What's holding this stock up when some many insiders have filed to sell so many shares?

To: Tom Hua who wrote (1130)	9/22/1999 10:40:00 AM
From: Wizard	Read Replies (3) \| Respond to of 1956

>>who's more knowledgeable about the company's direction (and stock price) than the CEO That seems to be the most popular argument on SI: if insiders sell, the stock is going to tank. In my experience - with premiere technology growth stocks only - this action by insiders is not only a poor indicator, its a good way to buy into stocks at lower prices. Insiders are always selling when stocks go up (managements of good companies and shitty companies alike). If its a shitty company, its should be traded from the short side and if its a good company, it should be traded from the long side - its that easy. Redback is a very good company and should not be shorted, in my opinion. Trade in and out from the long side but or don't play. Even in extreme cases like Priceline, unless you just chased the stock and bought it in the hundreds, your loss is really not important if you have a diversified portfolio. Assuming a 2% position and a $99 entry price, you have only lost 50 basis pts of your portfolio value. Redback is a much better buy at $99 than PCLN was at $99. Priceline is conceptual and is a leap of faith in that concept. RBAK has a great product targeting very large markets and is a core internet infrastructure holding, IMO.

To: Tom Hua who wrote (1130)	9/24/1999 8:37:00 PM
From: Paul A	Respond to of 1956

he also made a TON of money.. but hey, I too would sell! I never considered insider selling significant in any way/shape/form. I play RBAK long.. never short.. There is real speculation here- err well ok, grossly overvalued-laughable valuations but the list just keeps getting bigger and bigger, and longs getting richer and richer on these 'situations'. stops in place, and playing for 135-150 range next week. This is the COST profit we are playing with here so no bigge.. Bill Wexler is da man!!