Baidu.com Inc. rising again

Posted on November 23, 2005 , filed under Stocks | Print This Post

A stock like BIDU, Baidu.com, Inc. sometimes isn’t worth holding onto. BIDU is trading completely on the coattails of GOOG, Google Inc.’s amazing rise up. I see GOOG breaking $430 before the end of the year. I believe BIDU will break $84. I may pull out of BIDU today at $76 and short the stock back if it breaks $84. I still believe long term BIDU will drop dramatically. When the market realizes the size and speed of online advertising revenues for China aren’t materializing as fast as the company predicts the stock will rapidly fall. It will probably take another 2 or 3 quarters of lackluster earnings for the market to properly value BIDU. In the meantime BIDU has the potential to rise simply based on GOOG’s astonishing performance.

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