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

To: ELH1006 who wrote (1827)	10/12/2002 11:29:49 AM
From: im a survivor	Read Replies (1) \| Respond to of 1956

RBAK seemed pretty upbeat about regaining it's footing....lets see if they actually can.......wonder why, or if NOK is thinking of taking a larger stake at this valuation...considering they liked the potential at $2.75, they could now by almost 10 times as much for the same money.....anyway, I've got a bunch of this sucker, but with a fairly low cost basis...if they survive, I should be allright, and if they ever make it back above $5, I'll be doing backflips on the roof of my new Porsche....but, at .30, thinking of $5 is unrealistic right now, even though one of the major houses put out that $9 target....I would take $2 or $3 and be overjoyed...heck, I would even be happy with $1...a profit is better then a loss......but, we'll see....I may slowly add if things look better and share price continues to flounder....at such a low price, with 20% daily swings, it is easy to buy, sell some and get some free shares....and then wait and see what happens with rbak....but heck....buy at .25 and .50 is a 100% gain...seem's very doable to me....rbak will either be dead and buried, or above $1, down the road when all this plays out, IMO...I dont think in 5 years they will be sitting here at .25- my guess is they either go down for the count, or are above $5 in 5 years, one of the 2......if above $5, that is one heckuva gain from .25-----good luck to all...lets hope rbak can weather the storm.....