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A Chinese language Internet search provider.
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ctojeira (99.14) Submitted: 7/03/07 1:23 PM : Start Price: $190.31 BIDU Score: -7.22
Can you say, "Irrational excuberance?" Everyone that missed the Google train doesn't want to miss round 2, in the form of BAIDU. While I might not catch the exact top, it won't take long before this stock drops 30% at which point it will only be moderately overvalued.
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HistoricalPEGuy (33.68) Submitted: 7/09/07 1:45 PM
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the problem with irrational exuberance is that the associated stock acts, well, irrational. You've put a very rational based thumbs down on a totally irrational stock. Good luck! I am really interested to see how long it takes to realize this fall out.
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ctojeira (99.14) Submitted: 8/16/07 10:26 AM
True. But these are the ones that get punished the hardest during a market correction, which has been overdue for a long time. Long value stocks and short ridiculously overpriced growth stocks is my formula for staying ahead of the S&P during a correction.
ctojeira (99.14) Submitted: 9/12/07 10:57 AM
... or not. I believe I'm learning a lesson here and that lesson is, don't f%^& with China... not yet at least. Considering cutting my losses here.
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