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No. 3 - $1 Billion Friends & Family Plan

Call it the $1 billion friends and family plan. As wealth among the Chinese people increases and the migration to cities continues, mobile telephone growth in China is booming. China Mobil (CHL) is expected to report that profit jumped 20% last quarter. Earnings from the other 3 biggest Chinese telephone companies follow over the next two weeks. Is it too late to play the Chinese mobile boom?

Guy Adami says CHL still has room for growth and this stock isn’t a bad place to park some money.

Pete Najarian loves the whole sector.

Tim Seymour feels the consumer is the best way to play emerging markets and he adds mobiles are the best way to play the consumer.

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Trader disclosure: On Aug 15 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money Macke Owns (EMC), (JWN) Najarian Is Short (CFC), (GS), Seymour Owns (X), (EEM), Seymour Is Short (LEH), Red Star Asset Management Owns (MBT), Red Star Asset Management Is Short (EEM)