Friday, November 9, 2007

Bookkeeping: Closing Gmarket (GMKT)

Posted by TraderMark at 10:12 AM TweetThis
As mentioned yesterday I was not too impressed with the quarter from Gmarket (GMKT) and it looks like the market is not either with the stock down heavy today. While I do expect a nice improvement next quarter, I will revisit the stock at a later date; right now too many opportunities are being created with stocks on sale, in companies that are executing flawlessly.

I closed out this just over 1% position right near $20.

Today's losses wiped out my earlier gains on this position so in fact despite selling some in the $26 and $28 range my combined return on this position is -0.4% when its all said and done. Good enough, I can use that cash somewhere else.

No position

Posted by TraderMark at 10:12 AM

| Edit This Post | Create A New Post

Labels:

Subscribe to: Post Comments (Atom)

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix