Monday, October 15, 2007

Dialing up China Mobile

China Mobile. Read about it. Studied the fundamentals. Didn't believe it was a true growth stock. That was six months ago. The stock has doubled. I was wrong. Thing is, there's still a lot of upside, not just because the Co is capturing new customers in the rural areas, but because Chinese use their cellphones the way we in the states use our laptops and PCs.

There is no limit in sight, not yet. But at 88.98, CHL is trading above its 10-day SMA (84.80). This can wait.

Pupule says: Wait. The stock has gone up almost nonstop for two months.

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