CHL looks attractive

23 mar 2014

CHL is a very large company. High revenues, earning alot of money, zero debt, and large dividend (~5%). Short term nervousness has caused a sharp sell-off. Relative Strength and Money Flow Index are both at extremely oversold levels (not seen in years). I am looking for 15-25% upside, along with the supplemental dividend.

I will create a 50k position on the first green day (most likely on Monday), and increase my stake if the price continues to fall.

Thanks for reading. Comment if you would like.