Tuesday, March 23, 2010

China

Isn't google pulling out of china bad for baidu. This simply means that google can capture the market share outside of china. This couldn't be good news for BIDU.
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3 comments:

  1. dukebravoMarch 23, 2010 at 9:19 PM

    China with close to 300 Million net users already has more connected people than the US population. Leaving that whole pie to Baidu is going to stoke people's appetite for the stock at least in the short term. It seems like a no-brainer to by the stock on that news. Remember China is in a Huge credit bubble and is basically experiencing the US tech bubble and housing bubble at once. They have no idea of rational valuations right now. The whole country is feeling strong, ambitious, and prosperous so it's the perfect atmosphere for a bubble. Hope you exited the BIDU short.

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  2. nicasurferMarch 25, 2010 at 8:54 AM

    I got stopped out. I am shorting small chunks right now. 25-50 shares. Want to pull the trigger on a larger chunk but have been shell shocked here lately.

    Thanks for your input i really apreciate it.

    You buying any tlt here.

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  3. dukebravoMarch 25, 2010 at 9:04 AM

    I'm long a good position already in TLT. I had a bunch of options sold that expired worthless on Friday, good thing as yesterday's price action would have been bad. I don't plan on buying more here, but may sell more puts if it looks right.

    I know about that shell shocked - that VXX bombed my portfolio!

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