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Baidu, Inc. Message Board

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  • 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.

 
BIDU
216.05-3.08(-1.41%)Jul 31 4:00 PMEDT

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