GRAVITY CO LTD SPONSORED ADR (GRVY)

[riskanalyst]

Not a trader, so can't say I have a good feel. Though with Ramius exiting completely and Moon decreasing their stake I think this has held up fairly well. I think sub-2.00's would be a good opportunity if nothing else is going on in the market. Don't forget that if they are cash flowing anywhere near last quarter, this cash position will enlarge from end of 1Q figure of 1.89/share and could very well be over $2.00 per share. This keeps the value proposition in place from my perspective. GLTY.