LOK looksmart limited

look up another 7% overnight

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    LOK should do well again today with the LOOK shares trading up a further 7% overnight and following a 10% rise the night before.

    LOOK quarterly results will be out soon, and there is a strong buzz around the traps that their revenues have boomed and look like they will grow strongly next quarter.

    Profit-wise, businesses like LOOK generally grow their profits quite dramatically once they are earnings positive because they have a high fixed cost base relative to initial earnings. Once earnings grow, the proportion of fixed costs drops dramatically. Hence, we could se some exciting earnings numbers from LOOK this quarter (as they are already earnings positive).

    LOOK may finally live up to its potential.
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