Replies to post #65 on GRAVITY CO LTD SPONSORED ADR (GRVY)

[riskanalyst]

Glad you've decided to hold on, especially as the board moderator. ;)

I do little trading, as I know little about technicals or tape reading. Any reading suggestions as a former trader? Most of my buys are M/T to L/T holds, since I have a day job.

If management can string a couple .10+ quarters, this stock could be a double or triple from here. They have proven they can squeeze expenses with the most recent quarter. Even if they up R&D to maintain their games it's a small enough expense to not seriously impact earnings. If they do the same with 2Q than I'm hoping it is enough to take us to double or triple territory. To be a home run they need one of their recent or pending releases to take off before Ragnarok dies off. I see this as necessary so they don't have to dig into the cash hoard. An added benefit is they are a non-US company if you are looking to avoid the US/Europe related economic issues.

[10 bagger]

GRVY..$2.06..

The selling in GRVY reflects nothing more than a misunderstanding of the Asian markets.. GRVY continues to have support around the $2.00 level.. I for one am willing to take advantage of that support.. I added to my growing position today.. hank

08/19/09 9:54 AM EDT Buy 2800 GRVY Executed @ $2.01 Details | Edit