May 16, 2011
SpeculatingStocks.com Stock Pick: Sky-mobi Ltd. (MOBI)
Stock Price: $11.75
Sky-mobi Limited operates the leading mobile application store in China as measured by revenues in 2009, according to Analysys International. The company works with handset companies to pre-install its Maopao mobile application store on handsets and with content providers to provide users with applications and content titles.
MOBI is an opportunity in both the social networking, mobile and China space. This is a triple whammy and we see why it has been receiving so much attention.
MOBI trended from the sub-$6.00 level to over $23. It has corrected since and now we believe that MOBI is at a much more respectable level for investors.
Social networking stocks have also tailed off of their highs as a whole, but we expect them to come back in force and for these stocks to hit new 52-week highs. We believe we could see MOBI hit a new 52-week high in the coming weeks.
Speculative Score: 3
1 Being the Least Speculative and Most Confident
10 Being the Most Speculative and Possibly the Most Risky