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


To: StormRider who wrote (1922)1/31/2003 8:42:46 AM
From: im a survivor  Respond to of 1956
 
I'd still rather see them make it back above $1 and hold it...actually, I prefer to see $2+ hold, but right now I will take $1 as a new bottom. The constant moves from .60's to over a buck, allow for great trading opp's, but very risky one's....everytime it falls to the .60's, there is a 50/50 chance it will continue to drop and 50/50 chance it will pop back up. If down, it could fall a large %. Conversely, if up, it could go up a nice %....so this is not a trader for the weak at heart<ggg>, although I still have strong hope that RBAK will survive and be back above $2 one day...it may just take some time, or may not...look how quick RSTN went from same low levels as RBAK to back above $2 and has held $2....sure would love to see RBAK do that. Question : Does anybody think the price is being "held/manipulated" downward, simply so NOK, who can only excersise warrants at certain times, can get a larger stake at a far lower price? Just pondering.....