Sunday, August 07, 2005
Year of the pig: Baidu.com
St. Augustine reportedly said. "Oh Lord, give me chastity and virtue... but not yet". By the same token, I say "let me short BIDU, but not yet". The stock got priced at $27 and finished the day at $120. The Google of China they say. Yeah, whatever. More like TheGlobe.com of China. Anyway, BIDU is definitely a candidate for my "Short the Pig" experimental trading portfolio. But I don't want to touch it until the stock begins to crater. Of course, even then, it will be probably be next to impossible to get any shares to short.