In asian countries which are densely populated where people live in 600 sq ft mansions, people don,t spend uninterrupted hours at home on computers to make internet marketing a formidable tool unlike US.
So going forwards with all things being equal and people migrating to mobile than computers, the growth of BIDU is going to be subdued. They are not going to die out but neither are they going to double revenues every year.
So for BIDU the story is going to be 5-10% growth every year, not the 100% growth that we want. So it will linger around this price range with the next drop to 80,s when earnings come out. The best trade is to sell 120 dollar naked calls, short of it the best trade is to short every spike such as this one from 90-100.
Here is another #$%$ but he is a bet smarter than the other dorks who are saying a little co like qihu will drive bidu out of business. . Bidu is the king of computer search and with its 5 billion war chest he will be the king of mobile search. The same #$%$s said the same thing about bidu in the past and i ignored them to become a rich man.