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

To: Wizard who wrote (1190)	10/13/1999 5:03:00 PM
From: KM	Read Replies (1) \| Respond to of 1956

Yep, you're probably right. I B Gone til then. Actually turned that little goof for a profit.

To: Wizard who wrote (1190)	10/13/1999 6:16:00 PM
From: Paul A	Respond to of 1956

Yup.. I hate to agree with a long, since like I said- I primarily sell short but this will be added to my list of longs come tomorrow morning. The numbers were fantastic and quite frankly I really respect the way they released the news of the lockup period/Monday. Ill be fishing for 115-120 at the open.. Doubt Ill get it, but will try. Downside is a break below 100 which I highly doubt will happen. Good luck to all.. This has been one profitable little stock for me both long and short. Funny seeing the sell at 155 11/16 on my account yesterday.. I was going to move into a short position but chickened out. Oh well.. Ill be here for the next ride to resistance at 150.. and the game goes on and on and on.. oh and incidently.. as A shortseller I wanted to take a second to 'spit' at people who are yapping their traps both here and on yahoo with messages like 'hahaha!'.. This stock has been very difficult to make money shorting, and if you were foolish enough to hold ANY position into this report it was nothing but luck that you walked away ahead. The real game gets played when we settle around 115-120 on Friday. Than lets start making calls and laughing, but lets try and show some respect. Anyone short this stock into the close today was given a gift, and call it skill if you like but it was nothing more than luck. Ok Tom- lets here it! Whats your downside prediction, and am I really off base with my thoughts of going long tomorrow? I also bought some CPQ at 22 today.. I havnt a clue what this market is going to do next..

To: Wizard who wrote (1190)	10/13/1999 10:32:00 PM
From: incomep	Read Replies (2) \| Respond to of 1956

Dear Mr. Wizard: The full diluted shares after conversion are now 80 millions from current 37 million. That put RBAK market cap over $10,000,000,000 with today's close price at $135/share. With revenue only 40,000,000/year, it is going to take RBAK 250 years to produce 10 billion revenue. It better to grow its revenue 300% per year for the next 5 years to catch up this valuation. With large competitors as NT, CSCO, and small competitors like CMTN and MRVC all come with the similar products, we'll see the margin erode quickly. And it is almost impossible to keep this growth rate. If it drops to 50% growth rate for the next 5 years, then you will see the stock is going to visit $20/share in a year if RBAK does not comes out new trick. This is just my opinion. And I am a seller at this price level. IP