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Hot Stock; Globalink Ltd. (GOBK)

By Warren Paige

Shares of Globalink Ltd. (PINK: GOBK) are seeing a huge rally in trading today. At last check, GOBK shares were trading 850% higher at $0.190 on above average volume of 1.32 million. The stock rose to an intra-day high of $0.39 today.

Globalink is a provider of online hotel booking services mainly for travel agents in several cities, including Vancouver, Toronto, Calgary and Montreal.

According to a 10Q filing made by GOBK last month, the company had received revenue of $106,727 for the three-month period ended March 31, 2012. The company’s revenue for the same period last year was $62,735.

The company stated in the 10Q filing that it is currently working on the hotel booking website. The company said that initial structure and preliminary functions for the website have been done, however, more work will be required before the site can be used and tested.

 

June 29th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.