Gathering New Information about Stocks, Health, and Sports

          If you have read my other articles regarding choosing stocks to invest in you have by now known that I like cheap volatile stocks. While the stock discussed in this article is relatively cheap, the volatility is quite high and can drastically change capital losses to capital gains quite in a short amount of time.
         Looking more in terms of the public equity itself, as EBay has grown to be nearly a decade old, it was inevitable that competitors were around looking to take some of the concentration ratio away. GMarket, another ecommerce website, hopes to provide such extravagant competition to CEO Meg Whitman’s firm. Already proving to be more popular in the Asian market in countries such as Korea, GMarket is hoping to expand and provide extra benefits which EBay does not offer to entice more users. As EBay’s price has fallen dramatically over the past year, GMarket, which recently opened as an IPO, hopes to take advantage of such activity and prove to be the next big internet phenomenon.
          Supporting a resistance level of near 15.50 and a support level of near 13.00, GMarket is a perfect opportunity for timely investors to rack in capital gains at little expense. Fluctuating between these levels for the past month, an investor is able to make an easy 20% profit in one to two weeks time if the stock is bought around the low of 13.00. In fact, with an estimated one year estimate of 20.00, truthfully buying at any point less than 15.00 may be a bargain. If EBay continues a downward trend and GMarket is able to obtain some control of the market, there is even potential for the company to reach 50.00 in a few years time.
          While technical analysis and potential are good starting points to be optimistic about GMarket, even by looking at the fundamentals it is evident this company has a bright future. With 2nd quarter results initially confirming a one year growth of revenue of 165% and a one year growth of earnings near 135%, GMarket covers all its bases in regards to positive criticism from investors. Recently given the light to outperform the market by a few respectable brokers, gives me the assurance to agree with such sentiment and allows to label GMarket as a strong buy for both risky investors wanting to make a quick profit as well as long term investors eager for growth making this an excellent stock to invest in regardless of future ambitions.

-Dennis Biray
August 15th, 2006