I take back what I said the other day about taking profits in KONG too early. Webzen is currently up over 14% on the KOSDAQ with heavy volume. I bought more WZEN shares with my KONG proceeds on Tuesday. Now I just need to figure out the reason for the WZEN rebound. Let's hope it is part of a new trend! I still have a fairly big paper loss on my Webzen position.
Disclosure: I am long WZEN
Update: Webzen just hit its daily up limit (13,700) on the KOSDAQ. If it closes at this price that is a very good sign and may imply that WZEN could climb even further on the NASDAQ tomorrow!