Does anyone have any advice on China Unicom (CHU)? It's been doing horribly, and
has an uncertain if not horrible outlook - that I've read - despite the iPhone's
recent introduction, but as far as I know Cramer still wants to hold onto it.
I'm "this close" to selling it and think I should have a while ago. Anyone? Hold
or sell now?! Thanks!
Page 1 of 1
all you have to do is remember stv, alot of people here remember that when it
ipo'ed, chu is the same. i bashed it after i got out, because, like stv when it
first hit the street it made its way to 41, go look it up now, when i researched
chu i went back 10 yrs on the charts, and studied the options chains for 3
weeks, and then kept an eye on the options chain for the 7 weeks that i held it.
on the chart side, chu only saw 25 once in its existence, and support is 5
bucks, the rst of the time it only moves between 10-12 dollars. the problem that
most people have when buying a chinese stock is that they have a hard time
comparing what those companies are as opposed to their u.s. counterparts. chu= a
baby att, they are the chinese version of a land line company,seeking a cut of
the wireless $. and if it were not for bidu to broker the deal w/appl, chu would
have gone the way of stv, stv= comcast, you see what i am getting at here. just
like in the day when japan, decided to be like the u.s., china is doing the same
thing. we have google, they have bidu. we have verizon, they have china mobile.
you see now where were going here. we have our "crown jewels" of the market, and
they want theirs to. assimilation is going on.ps. i owned some shares, and not
the options. their options were......lets just say, on the dishonest side. and
yes, i do study the option chain before i buy a stock, all the time. from front
month, going all the way out.
Yes,Pete.
chris wouldnt have touched this one with a ten foot jagged warped splintered
pole
Drummerboy was on this trade from the start and he said to sell it.Also looks
like the I-phone launch is off to a slow start.
Drummerboy has been bashing this stock for a while. While he has been correct
in the short term, I have different longer term outlook. If you were in it for
the trade, the trade is over. Their Q3 earnings were disappointing. That is
the difference in the trade and the investment philosophy. However the launch
of 3G is more important. Their 3G network is designed for the high end tech
savvy user in China. Their WCDMA network is also superior to CHL and CHA.
I believe everyone is in a "show me" mode right now. Bottom line: I am a buyer
under 13 dollars.
Good luck
I dont know anything special about CHU, other than what I hear on CNBC (I've
never even looked at the ticker before). However, DrummerBoy shared some info
the other day that you probably should read:
http://www.stockpickr.com/members/view/answers/69784/
Some dude dissed him yesterday when he tried to point him there...lol...pretty
funny...Note: you can search questions for tickers (like CHU) to see what people
have already said. I guess CHU is gonna get asked about everyday...lol
please, get rid of it!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Page 1 of 1









