damn right. for a company having search monopoly in a country growing multiple times more than US search market, the PE of BIDU is lower than GOOG? Give me a break. You will have to be a fool to believe all the doomsday stories been circulating around. Look at the chart from 2008 crash, the stock bounce back up and shot up more than 800% in the following 2 and a half years. I'm going all in and wait it out. I dont believe the stock price will go anywhere lower if the foundamental of the company is as sound as BIDU.
Stocks don't always trade on fundamentals and P/E's. Look at AAPL. It's P/E is 13. Is that higher than other tech companies? No. Right now there is a lot of fear in BIDU and the volume the last few days tells you the story. Every bounce gets sold and then volume comes in on the downside. I'm not saying long term this isn't a decent play, but don't go ALL IN now. Buy some ... let it settle, maybe buy more lower if it goes there. Having close under $90 is a key level looking at the weekly chart. It could drop hard and fast here. I'm in some puts, but my time frame is very short.