Friday, November 2, 2007

China Mobile a buy

Almost picked up more VMware, but the increased volume today on a dip kept me at a distance. I did scoop up a few shares of China Mobile for the first time. The stock has ramped up in the past few months and may be in for a period of lengthy consolidation. That's fine. I like where it is right now, and also where the prospects of the Co are in the near future. As I mentioned earlier, online gaming is huge in China, and CHL is just starting to dip its toes into this new area.

For trading purposes, I would've been better off increasing a position in another stock, but CHL is too good to bypass anymore. It's an A grade stock, but I won't hesitate to take a good profit.

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