Tuesday, November 29, 2011

Geeknet: I Hope Geeks are Buying Geeky Stuff

Geeknet (GKNT) is a top five GDT::Portfolio stock and having it priced at $17.49 is beyond frustrating. 52-week range: $14.82 - $30.50. These days Geeknet, via ThinkGeek, is an e-commerce company and I can only hope that a record "Cyber Monday" was a good day for ThinkGeek. The following was reported by USAToday.com.
Online traffic was up 43% from last year, says content delivery network Akamai, and online sales were up 18% over Cyber Monday 2010 as of 9 p.m. ET, says IBM Smarter Commerce, a Web performance analytics firm for 500 of the largest retail websites.

I keep looking for some new insider buying at Geeknet, but it's not happening. During 02011 number there were number insider buys and they were at prices in the mid-20s.

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