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Technology Stocks : Baidu (BIDU) -- Ignore unavailable to you. Want to Upgrade?


To: John Carragher who wrote (1477)2/11/2011 12:22:36 PM
From: manalagi  Read Replies (1) | Respond to of 2098
 
i thought it was $2000

No, in late December 1999 Walter Piecyk of Paine Weber started coverage on Qualcomm with a price target of $ 1,000. The stock jumped $ 156 to a new 52 week high of $ 659. Piecyk got his 15 minute fame.

Now, what's going on with Baidu? No news that I can find and yet the stock has gone up more than $3+ reaching to all time high of $129.57.

Frankly I don't like the fast climb - since 4Q announcement -, which resembles a bubble in the making. Have to watch the stock like a hawk.