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Baidu, Inc. Message Board

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  • tony_7005 tony_7005 Nov 1, 2010 5:24 PM Flag

    PE is still 89, worries me, will it go to 80?

    My friend,
    If you are worry next few days, then you may want to get out, but if you are at least considering to wait for next few months, I strongly suggest to hold on to your BIDU position.

    AAPl market cap is $279b, BIDU market cap is $37b. When market cap gets that big, the share price will not move up quickly even for speculative stocks. BIDU is relatively has a lot more space to go higher rapidly. Also BIDU is a newer co. in China with over 1.2 b population and its rapidly developing economy.
    BIDU is in a correction mode and that mode could end as early as tomorrow or next few days. What is apparent in my opinion, there could be some up and down in next few days, but BIDU certainly should be up at least 50% higher from its current price during the next 6 months. Also keep in mind, China new year is around February and that should further push up the stock prices higher.
    BIDU is much smaller compare to AAPL and has a lot more room to go higher.

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