1. BIDU will significantly outperform S&P 500. It could hit $150 by midyear if the overall market cooperates.
2. BIDU will not go below $80 (by CS ANALst) if SPX does not go below 1300.
3. The CS ANALst Cheung will prove to be the dumbest one. This guy did not even participate in BIDU's conference call. He came out today cutting the price target for a mere $2 from $82 to $80 -- which analyst ever could be so accurate as to the degree of 2.5% for the price target? He is slipping into oblivion and desperately in need of generating some activities. He just threw garbage at BIDU by saying it could acquire this and that. The history of BIDU has shown a highly disciplined control in spending and projects. BIDU's management is much smarter than Cheung could ever think of it.
BIDU is my current top holding for its strong fundamentals with attractive valuation.