Redback Networks, Inc. (RBAK)

[PowerPole]

I sure didn't expect the Huge gap up this a.m...

RBAK doesn't usually do this, and it was Not a 'gap and trap'.
It held up very well, consolidating in an uptrend...
The Volume that came in at 1:30pm and at the end of today was the highest in 5 days, and the total Volume for today was nearly 2.1MM shares which is Way above the average Volume.
The volume in the last ten minutes was almost 250K shares and pushed the pps to close today .01 below the intraday high, which is VERY Bullish...

If it gaps up at the open again tomorrow, and forms a shooting star candlestick on the hourly chart in the first hour of trading, I will be selling our Swing position (for a Very decent profit)...

Especially if the end of the day volume is 3-4MM shares...
This is RBAK's usual Modus Operandi...Then, a pullback and consolidation will be called for...IMO