I convinced myself that this is a false alarm case and placed a small long position. Just closed with a gain. Market is efficient and not so irrational after all. Have a good weekend.
When there is only one person sick, more likely was due to his/her own health conditions. If you check out the hospitals, so many people are sick everyday! Eric might be telling a bad joke, but it's the investors' judgement to handle this issue.
Finally managements start to use their brains. CMG will be back to $450 soon, IMO.
I agree with you. This is actually a rare opportunity to accumulate BIDU at this low price for long term. BIDU has the advantage of following Google's path, which been proved successful. Chinese population is vast and the internet market is/will be the largest in the world. I don't see any reason BIDU will be valued less than google in the future.
The guidance given by BIDU management is the worst case scenario. I think the logic is derived from Chinese philosophy. I anticipate a quick rise from here to $175 in short term.