Baidu.com, Inc.
BIDU (NASDAQ)
Forecast has expired
Ended: Thursday September 14, 2006
Target
$82.00 and below
-$2.19 (2.6%)
Time Span:1-3mths
Final
$115.11
$30.92 (36.7%)
Recommendation
Rating:Sell
Risk:Aggressive
Stop Loss Price:Unspecified
Final XP:
0
Target not reached
Analysis
To me, it seems like all that's involved with Baidu is stupid money. That includes investors who have inflated expectations, believe in infinite growth, untouchable market share, and last but not least, are greedy as hell. There will come a time of reckoning perhaps not this quarter, but perhaps next where hopefully some lightbulb will go off in most people's heads that Baidu at its current price doesn't have to move for the next year or so and it will [i]still[/i] be expensive and risky. Let's hope that goes off sooner or later, but I'm banking on sooner.