Thursday, November 16, 2006

Standout Stocks

My Stock of the Day is Gmarket Inc. (GMKT).

The company is the #1 eBay competitor in Korea. Asian tech stocks have been running on specualtion lately, and GMKT seems to be getting a bid in the fray.

The company recently reported very strong growth, and is close to surpassing EBAY in market share in Korea. It also does not appear expensive in terms of valuation. Today's +13% spike is probably not sustainable, but there could be more upside after a pullback.

There are a handful of retail stocks getting schmeissed today. Here is a list of some stocks making notable, high-volume moves:

  • BIG

  • GMKT

  • HDB

  • MGM

  • CME

  • AXR

  • BIDU

  • PNSN

  • MW

  • ZUMZ

  • WSM

  • PTRY

  • GYMB

long GMKT


At 11:30 PM, Blogger vrandalo said...

What are your current thoughts on GMKT?
By the way, I really enjoy reading your blog.


Post a Comment

<< Home