Tue, Sep 16, 2014, 8:31 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Baidu, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • hmmm26 hmmm26 Oct 31, 2011 2:31 PM Flag

    BIDU to pullback to 136 level - don't buy here

    My experience has been to never say never in investing, but for Bidu to crash all the way back to $100-ish, it would probably require some sort of truly terrible news, something like a falling out with their accountants over numbers, or if some other high profile Chinese company defrauds its investors, something of that magnitude.

    If you like the stock, then I definitely wouldn't wait to purchase until $100, as it may not trade that low again.

    When Bidu cratered in late Sep/early Oct, it was a miserable combination of bad events: the DOJ had just announced an investigation into Chinese accounting fraud, the Chinese govt had just insisted that online companies start censoring better or else they'd do it themselves, and there was other, background bad stories of accounting fraud and SEC powerlessness (google 'longtop financial', if int).

    It was truly a 4 horsemen of the apolcalypse situation, which I hope we never repeat.

215.57+4.84(+2.30%)Sep 16 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.