Webzen Bargain Of The Day

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January 23, 2006

With the KOSDAQ down, its time to buy WZEN. I picked up WZEN today at bargain price.

I have traded this stock already in the past, and it looks to be a stellar bargain at these prices. Webzen’s stock price is down 30%+ in a matter of 5 trading sessions based on external factors NOT related to the stock specifically, but due to the LiveDoor and Asia panic. WZEN has tremendous growth prospects.

With the US markets and US economy slowing to a recessionary pace (regardless of the potential rally over the next two days), its not a bad idea to be in some other markets right now and imo, this one is a bargain.

I still also have some leaps in SNDA too which is not as good as WZEN in terms of product pipeline.