CHL and BIDU the largest wireless phone carrier and the the largest search engine like google, both of them in China. With expansion in rural and with business booming, no doubt the these two companies are going to explode. but I haven’t brought any, even during the the past week, which offered the best entry point. Why? While they are great companies, they darn overpriced. BIDU at 120x P/E? comon 120x times? while it might be realistic to their growth, but that’s way over my comfort zone. CHL on other hand, while price is lower, Market cap at $240B; Equity at $45B; average income at $4.5, the ratio is too big to be a bargain. Nevertheless, I think these 2 are great stocks. I just think they are better bargain elsewhere.