Redback Networks, Inc. (RBAK)

[mince]

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.