Redback (RBAK) -- serving up a short fry!

Stock serving up a major short fry today on announcement of significant Chinese Broadband contract. Not sure I would chase RBAK today but I do think the stock will trade into the $20's over the next couple qtr's.

One by one, stocks in this group are getting walked up and all the while T/BLS merger is still on hold and thus large spending being held back -- also contributing to overly negative analyst sentiment.

I see the finalization of T/BLS as a potentially major positive catalyst for stocks in this group. RBAK included.

Long RBAK -- though I did trim some today. Will buy the shares back on a 5-10% pullback from sale price in the $17.40's.