Gmarket (GMKT) On Fire

I can't find any news other than its "Asian" and thus must be worth gold for Gmarket (GMKT) - that's the level of logic nowadays. Baidu.com (BIDU) after resting for a few days is up over $300 (up 7% today) and I guess must now run to $400. Its price to revenue in now approaching NASDAQ bubble levels of 1999/2000. But I guess the logic was back then Yahoo/Excite/Lycos/etc only could have an audience of 300 million whereas China has an audience of 1.3 billion (of course 80% of those are without internet connection) but enough with the logic.

Earlier commentary on South Korean "Ebay", Gmarket (GMKT) here. I actually bought this as a "value" play so it's certainly not as expensive as much of the junk flying up 150% in 1 week.

What more can I say? Every time I want to take profit these stocks just keep going up. It is relentless. It looks frothy, overextended, toppy, blah blah - but it just goes up nearly every day. I can apply that to any stock in Asia right now. Higher lows on Gmarket 6 consecutive days, so technicals still booming. I guess since Baidu.com is up, than Gmarket must go up. Or something.

Long Gmarket (GMKT) in fund; no personal position