Tuesday, August 15, 2006

Redback Networks Inc. NASDAQ (RBAK) - Follow-up

Following this morning's upgrade, I placed a pre-market buy limit order for RBAK at $17.00 before heading off to work. Minutes after the open I was able to confirm my fill and immediately booked 50% of my profit at $18.45. I placed a stop on the balance at $17.75 and exited the balance of the position into the close.

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