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Technology Stocks : Baidu (BIDU)

BIDU 123.82

+2.8%

Dec 19 9:30 AM EST

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To: ChinuSFO who wrote (1605)	2/19/2012 1:33:57 AM
From: manalagi	Read Replies (1) of 2098

The sell off was attributed to Morgan Stanley bearish assessment who wrote that the doubling rate of growth is not sustainable. Of course everyone knows that you cannot double the yearly revenues indefinitely. Probably the analyst never heard the story of the inventor of chess game who told the King that there is not enough rice grains in the world to reward him. The King did not believe him. The chess inventor then showed the King: There are 64 squares on the chess board: Put one grain of rice on the first square, then 2 grains on the second square, 4 grains on the next, then 8 grains, and then 16 grains and doubling on the subsequent square until all 64 squares are filled. You know the last square needs 2**63 grains! We'll see Tuesday whether Baidu will recover, and just have a good time Monday since the market is closed.

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