Hey I'm long, but $219 today + $180 would be $399. I might call that a little overbought. I like your thinking though!
I have been waiting for a correction of 10% for 2 years lol. I have plenty of new cash to put to work, but I can never get a good correction to make me want to put it to work. No way I am buying with the market at its all time highs.
Bidu is a good trading stock, but I have never had one bit of concern about this management and long term objective of this company. I could easily see this company being one of the 10 biggest companies in the world in 10 years via Market Cap- Robin Li is truly an entrepeneur with a strong long term vision. They will need some luck; but I think they are smart, aggressive and figure out ways to cover their mistakes; like when they introduced their own operating system 4 years ago - that was a mistake. Don't under estimate BIDU; but I agree, if you watch this closely, you can easily make money trading this company.
Man! I wish I could pick 'em like that. Must have been a great ride. I hope it keeps up, and I don't see any reason why it won't.
SEEK is in a hot industry, the Local Business Search and a great buyout candidate.
Sentiment: Strong Buy
BVPS up for the past 9 years, EPS increased for 10 straight years, OCF steady for 10, Return on investment capital up 8 of the past 10 years, Gross profit margin steady for a decade and the company holds very little debt. Unless there are outside factors at play, there is no reason this stock couldn't reach 260 or more in the next 12 months. I don't think Alibaba should be much of a factor except that some may be pulling money from BIDU to get in on the IPO. There is also good amount of evidence that Webcam is an idiot.