Redback Networks, Inc. (RBAK)

[The Wawh]

Got already back into RBAK

Hi Powerpole,

After today's retest of the retracement at 9.89 I got back in and bought 1,500 shares. It might be high risk now, because a larger consolidiation below the 9.89 could come in this week, but seeing my previous succes with trading RBAK, I just take this risk for granted. No risk, no gain...

I rather expect a test of the 10.495 mark and not a test of the 9.40 resistance line. After a day close above 10.50 we might be in for a new attempt to break the 11.96 high before we know it.

What do you think?