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The volume was amazing.
I was all over the run earlier in the week as I saw both slow and fast stochastics with K crossing D. And slow showing a double divergence upward. Needless to say, it worked out really well.
I see 23.98 as a possible ST top.
If I see more pre mkt volume like yesterday I may go all in again. I took everything off at 23.25 on Friday. Rumors are swirling. Over 200k in pre mkt is insane.
I too would like to see a pullback, however I will not buy puts this time around. I think with the offering price at 21.25, RBAK will pull out from it's bag of tricks to keep the price above.
If the NAZ continues to melt all bets off. It sure was nice to actually be long a stock and make cash while the market was getting hammered.
Sorry I forgot the link...
http://biz.yahoo.com/tm/060519/14334.html?.v=1
It's under yahoo news for sanm. Sometimes these "alerts" appear under yahoo. And sometimes when I do a dogpile news search it will come up. It's been like magic for rbak as I stated?
SANM on powerratings radar
3 times I've seen RBAK on their radar including early last week. And three times they have moved significantly to the upside.
re: I've struck gold so many time with RBAK options since January.
Did it again. Just took 1/3 of calls off the table.
Biggest hit yet!!!!
Still at bottom of bollie and check out slow stochastics.
Looks like some decent upside
TCV Ventures (John Drew Redback Director) acquired another 1.9M Shares.
Insider buying at 21.75
Nice Call PP!!
Not too shabby of a day :) :) :)
Could have timed it a bit better, but all things considered, I'm happier than a pig in shit.
PS
I knew the secondary was coming. Just thought in a few more weeks. If I knew, all the big boys knew too. Think most of it is priced in.
I've struck gold so many time with RBAK options since January.
I can't believe I had the balls to buy puts and that it worked out.
I was due for a bit of a beating. That remains to be seen, still alot of time to "strike gold" again.
I'm very, very confident you'll see some positive news before the shareholder's meeting Thursday.
It's at the bottom of the 20 bollie right now and touching the 50MA. Prime for a reversal no? Love to see a dip, then close above the MA.
http://stockcharts.com/h-sc/ui?s=RBAK&p=D&b=5&g=0&id=p58591168226
I expect you'll see a *BIG* win soon. I think the big boys know this already. JMHO.
I sold a ton of puts that I made 140% on. Could have made another 5k this AM looks like. What's worse is I bought some June calls. Think (hope) it will turn around by then.
There's no way I'd be buying here...
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That's why you are the master. Looks as though I flipped too soon?
I do think OE next Friday will take this to 22.50ish though.
I liked the 1 minute V.
I sold my puts and bought some calls at 21.20
We shall see...
And that is just about the low of last week.
You're the king. I'va had puts since last week. Kept buying them on those low volume run-ups.
not = now
I've been maintaining 21.35 for a while not. You actually said 21.50 (just breakin' em a bit).
Is the 50 day MA possible?
Power Pole-
Do you think RBAK will have to re-test the lows of earlier in the week before any signicant run?
TIA
Wow, I meant the low volume throughout most of the day, but the end of day volume was extraordinary.
PP- what do you make of this volume?
Thanks
Bailed with 11%. Volume slowed at lunchtime
Got in BSM first thing this morning.
Looks like a nice breakout.
10x avg vol, close at HOD
That was the reason for the Fri-Monday run IMO.
Was available Barrons on-line on Friday.
RBAK- no more shares available to short.
SHO list tomorrow?
What you have to realize here is that Q1 numbers are going to be out of sight. It should continue to climb until the release.
A steady long positionn has been the real winner with rbak.
These guys are the kiss of death alot. I've seen them top out alot of runs. JMHO
Sold even more .rbudd(s) at 3.10 -- Sill have plenty
Looks like a big time breakdown. I think the run-up was on the initiated coverage Friday. Without more news in the very near term, I sense a pullback.
Hedging with some GOOG puts. Think S&P buying will slow.
PP: I just sold some calls I added on Wednesday (350%) unreal
Still have plenty long, both shares and options
Do you see a pullback here?
Are you out?
Awful high volume for 1/2 hour?
Looking great!
I know you guys are 100% technical, however I think the low volume had alot to do with the Fed tomorrow. JMHO, we'll trade where we did today with low volume until 2:15 tomorrow then roll with the broader market.
If I'm not mistaken, our rise from 8-14 or so was a similar drift on light volume, no?
Nortel, Siemens or Cisco might want to acquire Redback to bolster network-access products that enable services such as TV over the Internet. Redback has been gaining share in this market with its special, so-called edge router, says Chiasson.
Too risky of a short IMO...
Especially with all of the takeover rumors. God forbid one comes to fruition while shorting.
Where do you see the next resistance?
It's a nickname and a derivative of my middle name (don't ask).
PP- thanks for the kind welcome. I really look forward to your analysis. I've linked it other places as well.
No one is going to be correct all of the time ;)
I haven't really acted on any yet, however I definitely learn through your TA.
Thanks again!
PP- where is your analysis today? You still believe we're a good short??