based on dicounted cash flow model agaisnt 2008 earnings, 420 would equate to a 40% growth rate. BIDU is growing at 100% growth rate! And BIDU has guided higher for next two quarters!BIDU will ocntinue to shred 100 points a month! I say a cap of 650 by end of Jan 08 and $900 by end of 08 (split adjusted, after 700 Bidu wil announce split)
I agree- the best way to tade this puppy is to sell 20% of you holdings when you are up 20% and buy 20% back on sizeable dips.Check the chart and do the math - you would be up huge.
S&P ups their target to $400I just confirmed this in the weekend report on BIDU.
10/26/2007 Citigroup Reiterated Buy 425 http://www.smartmoney.com/eqsnaps/index.cfm?story=ratings&symbol=biduNOT 400 and the S & P is giving out upgrades now...interesting...post the LINK!
<BIDU will ocntinue to shred 100 points a month!>I wouldn't hold my breath on that one, bud!
Keep on fantasizing absurdly and you may become a sorry stastistic. with a PE of 210, you may be treading on sinking sand.