http://www.marketintelligencecenter.com/articles/995128
China Mobile (NYSE: CHL) opened at $48.82. So far today, the stock has hit a low of $48.24 and a high of $48.82. CHL is now trading at $48.67, down $1.03 (-2.07%). Over the last 52 weeks the stock has ranged from a low of $40.20 to a high of $59.22. CHL shares are falling with other Chinese ADRs today after the Chinese central bank warned banks to control their lending, triggering fears that tightened credit could put the brakes on the country's rapid growth. This could be a bad sign for CHL. Technical indicators for the stock are neutral and S&P gives CHL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CHL the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]
=> Haha!!! This is one of the example where the business news reporters don't know what they are talking about. The fact: yes, China central bank try to put a hold on lending and for some reason, investors start worry about whether China based bank's tier 1 capital ratio are too low (while their loan provision rate & loan deposit ratio are very low compare to lots of developed countries except Canada). However, China Mobile has close to RMB$300B in cash, no need to borrow, why will the stock price drop because of a credit concern?
=> stock price go up and down everyday, one should not expect to find explanation on day to day variance.
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