LOOK/LOK's close overnight in the US of $5.40c now has the...

LOOK/LOK's close overnight in the US of $5.40c now has the shareprice rising over 96% (from off it's low), in the past 12 months.

Not a bad effort.

Looksmart will prove to be (in time) one of the greatest "turn around" stories, ever to be seen on the ASX. I feel VERY confident in saying that too.....T/A exponents (at least three) predicted this rise, almost to the day. They now see LOOK (in the US) going up to around the $10.00 - $11.00pps level over the coming 3-4 months, if not earlier. One says:

" Anybody that goes to the NASDAQ home page and gets a 7 year chart of look will see ... no matter how basic we are. See that massive pop through the trendline"? He asks.

When sm#ggler objected, based on current earnings & projected figures/fundamentals, another chartist offered:

"Well as you know, the technicals of today are the fundamentals of tomorrow. And LOOK is turning into new roads and reinventing itself. I based my projection on chart-reading. My advice to you is to not fight the tape". Which made sense to me.

Wait until the "news" of the Topix.net involvement hits the nasdaq!! Institutions will climb over each other to get a stake in LOOK, now that it has surpassed this, their $5.00pps "criteria" level, overnight.

Truly a great night for the private Looksmart Google Group who have watched every move possible, so to speak, over the past 12 - 18 months or, so. No doubt there will be other surprises unfold too!

Volume was terrific, too. With the "close" @ $5.40cps and a current exchange rate of $1.41095 AUD, the approx. value for LOK here on the ASX on monday, is $7.62cps .....

But it has only just begun.

MHO, of course. Do your own DD.

LOOKSMART LTD (NasdaqNM:LOOK)
Last Trade: $5.40cps
Trade Time: 3:59PM ET
Change: +$0.39cps (+7.78%)
Prev Close: $5.01cps
Open: $5.00pps

1y Target Est: $6.63c

Day's Range: $4.93 - $5.43
52wk Range: $2.75 - 5.05c
Volume: 325,702
Avg Vol (3m): 128,828
Market Cap: 122.96M

Worth a look, once again!!

:)
LC