Who in thier right mind would want to own this stock as an investment? It must be for the growth.
The competition in pay for search is going to be pretty intense in the next couple of years. I just can't believe that this stock is trading at this multiple. It is amazing.
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Sorry about your troubles with BIDU. The damned options always have a way of losing value as time goes on. Another reason to be a seller of premium when appropriate. As for BIDU's multiple, you know how people always pile into the stocks that are still moving and there's no telling how out of reason they will push it. Watch your position sizing and live to trade another day.
ReplyDeleteThanks for the support. This position has definitely been hurting my judgement lately.
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