Redback Networks, Inc. (RBAK)

[PowerPole]

eagle_2975...You ask some interesting questions...

But first let me say:



To the Board!

I believe RBAK is trading above 12.00 for many reasons...One of them is that according to Analysts Estimates:

http://finance.yahoo.com/q/ae?s=RBAK

RBAK could break even for the first time EVER in this quarter that ends in December, and show a PROFIT for the first time EVER in the first quarter of next year...When a stock accomplishes this feat, it brings a LOT of attention to itself...After what RBAK has been through in the past that a lot of people are aware of, going Positive is reason to celebrate IMO...

If you look at some of the Very Good PR's it has put out recently, they are getting some good partnerships out there Domestically, and Internationally, and that brings in new investors from the Companies they are partnering with, and helps to spread the word on both fronts...

http://finance.yahoo.com/q/h?s=RBAK

And, you are absolutely right that 'Short Covering' has a lot to do with it...The shorts are losing this battle, and the bulls are in charge right now...

As you can see from the majority of my posts on this Board, I use Charts and PR's for the majority of my Analysis, though I have done a Lot of DD on this Company, as I have been following it for over five years now...

I wish we had more posters on this Board that are into the really deep kind of DD that analyze Balance Sheets, SEC Filings, Research Reports, and things of that nature to help answer your questions a little better than I, as that is not my strong suit...Hopefully, in time, these kinds of people will come here to liven up the discussion of RBAK...

What I base my investment in RBAK on, is a belief that it is a GOOD Company, that is like a 'Phoenix' that has risen from the ashes, I like what they are saying in their PR's, and the Charts pretty much speak for themselves...I am VERY Bullish on this stock...It is one of my Favorites now...

I hope that I answered some of your questions to your satisfaction here, and hope to see you back here soon...