Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ChinuSFO who wrote (1491)	3/24/2011 10:21:03 AM
From: manalagi	Read Replies (2) \| Respond to of 2098

It was a combination of Robin Li's interview with FT and short squeeze. The size of short was 2% of the float. The 10% increase the past three days would not last. Some investors were chasing the stock while the basic fundamentals had not changed. The plan to develop operating system for portable devices to browse the internet is still 3 to 5 years away, and there is no telling whether it would be adopted by the carriers. Remember that China Mobile is the largest carrier in the world. The company is teaming with China's official news organization to have a search engine to compete against Baidu. Would China Mobile let Baidu encroach its territory? When cool heads return, the stock will retreat to the mid 120's. I like to see Baidu to go to 200, but not due to momentum purchases.