William L. Moore
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William L. Moore in Insider trading,

China Unicom Shares Offer A Recovery Story That Is On Track; Bernstein Says Buy The Dip

After a Morgan Stanley downgrade helped send China Unicom (Hong Kong) Limited (ADR)  shares falling over 10 percent last week, Bernstein analyst Chris Lane believes now is the time to buy in on this dip.

“We see no reason for any short-term pessimism. While we agree the stock has run up a lot this year, and it has become a relatively crowded trade (top 30% globally) — the outlook is still good. Even better post the recent correction,” Lane said

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