Redback Networks, Inc. (RBAK)

[PowerPole]

eagle_2975...I would have Welcomed you...

Even if I HAD known you might feel like Shorting RBAK...

My wife HOLDS it in one account, she SWINGS it LONG in another, and I DayTrade it going both ways...

Anything goes here on this Board...Overall, I know the Funnymentals are a bit out of whack with the pps, but I trade mostly by charts, and the feelings of the Overall Market...

It 'seems' the Market knows something us little folk don't...And until I see something drastically wrong with RBAK, I will remain Very Bullish in the near and long term...

The way it has run up from 5.00 to above 12.00 is text book 'breakout then pullback and consolidate before the next push forward'...

In other words...I personally wouldn't even think of taking a long term short position on it at this time, as it's strength is almost amazing...

I will short on the days his daily volume exceeds 3-4MM shares, as this usually signals a near term top...And even then I usually cover the short in only a day or two or three at the most...

I will post some charts for RBAK on Saturday for you to see...

Every trader has a different style, and all are Welcome here...

I'm glad you returned here, and please stop in from time to time..
PP