With housing continued to be hammered away, I sense CFC is far from bottom up. I still believe the $18 Bank of America deal mark is at a bargain if they don’t go bankrupt. The risk and the long horizon needed to yield a reasonable return may not worth the investment. I think CHL has far growth opportunities with less risk then CFC. Consider large influx of people coming to China for Olympics, the subscriptions of mobile users will increase proportional. At current 70% growth in last year price and comparative 60% growth in net income, first quarter 2008 would be priced around $77 dollars. But with the olympics, I suspect the growth will be at least another 25% taking it just below $100 mark(EMT). CFC on the other hand, is very murky to me at this point, and its hard to understand its future even after this possible recovery. It’s better to invest something that you understand better, so, CHL > CFC, I am bailing out on a loss.