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Strategies & Market Trends : Greater China Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (7344)	2/15/2011 9:47:50 AM
From: Rarebird	Read Replies (1) \| Respond to of 8334

Actually, there is a lot to like about CHL (China Mobile). First of all, the balance sheet is a thing of beauty, with no concerns. CHL is a cash cow. Secondly, the stock is trading at a PE which is about half its long term growth rate. Clearly, the stock has come down in price and CHL is now attractive for purchase. Thirdly, last weeks breakout in the Shanghai Index is bullish. Fourthly, my money flow indicators show almost 100% bullish divergence in regard to CHL. Bottom Line: Risk/Reward indicators are very much slanted to the upside. Disclosure: Long CHL at $47.25.