Replies to post #812 on Redback Networks, Inc. (RBAK)

[PowerPole]

Congratulations! 'mince'...Great Job!!!

RBAK set it's second low Friday on the Daily Chart...

I usually buy the next morning after that pattern shows up if it heads up early on good Volume...

But after the bloodbath the Dow and Naz had late last week, it's a scary position to be in, as they should both be down again today, but not as bad as last Thursday or Friday...

The chart pattern on the Daily Chart is a Head and Shoulders (with two heads), but it's also one of it's famous Bull Flag consolidation patterns so it's not real clear what it's going to do...It may try to fight the trend of the Indicies this week...

Remember that 8.2MM secondary shares via Goldman Sachs and UBS Investment Bank will hit the Market this Thursday:

http://www.investorshub.com/boards/read_msg.asp?message_id=11098725

This should be an interesting week for RBAK...I'll try a small position this morning if it's looking up, with a stop loss limit order in at a penny below Friday's intraday low...

Happy Trading this Week!