Baidu.com Inc., RawGreed Award Winner of the Day, Again

Posted on October 24, 2005 , filed under Stocks | Print This Post

BIDU, Baidu.com Inc. is at it again. The stock is trading heavily up today. I shorted BIDU at $110 and again at $82.50. Baidu has no earnings history and the research arm of Goldman Sachs, the underwriter of Baidu, priced the stock at $40. Baidu is trading purely on speculation over Wednesdays anticipated earnings report. I urge readers not to get caught up in the hype. It appears to me that analysts are guilty of translating the word China into profit.

I wrote this earlier article on Mary Meeker and her bullish reports on China Stocks.
I wrote this earlier article on China Stocks.

I encourage readers to go over both articles before investing in any China stock.

Here’s an interesting article that mentions Baidu called 2 Things I Learned From Benjamin Graham.

If BIDU somehow jumps over $100 I will short additional shares of the company.

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