This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top Takes From RealMoney

The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas. brings you the news all day, and with RealMoney's "Columnist Conversation," you can see how the pros are playing it on a real-time basis. Here are the top five ideas played today. To see all that RealMoney offers, click here for a free trial.

1. Upside in SKM

By Robert Moreno Cramer
1:46 p.m. EST

SK Telecom (SKM - Get Report) provides wireless and data service in its home market of South Korea, as well as Mongolia, Vietnam and the U.S. It has a market cap of $11 billion, a forward P/E of 10.79, revenue of $12.5 billion, gross profit of $6.3 billion and total debt of $6.2 billion. The company went into the credit-card business in December, announcing a deal to purchase 49% of Hana Card, the credit-card unit of South Korea's fourth-largest financial concern. SK Telecom plans to place a chip in its cellphones that will let subscribers make purchases through their mobile devices. The company also announced an alliance with IBM (IBM - Get Report) to provide "cloud computing services."

The technicals on the daily chart are interesting and illustrate a repeated pattern. In each case, a downtrend line was broken to the upside with a positive moving average convergence/divergence crossover and the relative strength index crossing above the 50 center line. Price action was strong in Tuesday's down market, and again on Wednesday. If the pattern repeats, there is more upside to the trade.

SK Telecom (SKM) -- Daily

Position: None

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.75 0.00%
BWLD $175.51 0.00%
BIDU $207.87 0.00%
CMG $683.95 0.00%
GOOG $524.05 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs