I picked up more BIDU today. Im long on it for the long term. Considering its market cap is at about 12-13B and GOOG is at 220B, they have a history of blowing away earnings, and china has very solid growth ops, this thing could be worth 3-4X what its worth today in a few years.
In the short term, it might get hit, but long term, risk-reward is very favorable imo.
just come by a random chance to this thread, I bought some put options on BIDU on friday, no way when reccession will come to the US next year (yes, I know its chinese stock) or after olympics, it could sustain such values:
Trailing P/E (ttm, intraday): 183.79
Forward P/E (fye 31-Dec-08) 1: 94.44
Bidu is one of the "horsemen", pumped by Cramer.
I will give you small, highly speculative pick, DJRT.OB will have around 200% grow next year and around 7-8 cent earnings in 08, while current price is 40 cents. I will come back in this thread next year to prove that I wasnt talking shit.
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