Baidu must be the Chinese word for “RAMP”
Wednesday, July 25, 2007 - 8:44 pm
Originally published in Charting the Market 7/25/07
Baidu’s (BIDU-NASDAQ) earnings report is powering the stock to all time highs in after hours trading. Our condolences go out to the bears on this one, but shorting on valuation is always a cardinal sin. Baidu’s stock has left us breathless, which should be no surprise given the air can get awfully thin at 30x revenue. Last but not least, the Chinese government censors Baidu, but invests in Blackstone....go figure. no position
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