He should be concerned, both my brokers, one at AG Edwards said no way can't touch that, he said havn't you seen all the stories telling you to buy on Yahoo, somebody is paying them to write those stories because they want out badly.
Then I got a second opinion from my broker at Raymond James, he said stay away from that one, the fluff pieces are to try and offset some nasty rumors going around about Bidu accounting, delisting off US exchanges and much worse.
I am holding some bidu, talked my friend into asking his Goldman Broker, stay away, I'll look at it again for you 45-50. I bought puts next day for protection Jan puts
I think I am going to liquidate and watch, I dont see it skyrocketing any time soon but plummeting is a definite possibility. Limited immediate upside. Still think long term could be ok if this all works out but no need to be sitting on it right now.
It is more of a political issue, than a company specific issue. It will get worked out. I think BIDU is a 'straight-up' company, along with Tencent and Alababa. These are the only three Chinese companies I would invest in....BIDU is a jaugernaut and CHEAP.