Baidu IPO Hot

Aug 6th

Having limited finacial assets, I have never shorted a stock, but the Chinese search engine Baidu (ticker: BIDU) seems a bit pricey at $120 a share, a 350% increase from the IPO price.

There are rumours of Google wanting to buy them, but I doubt they want to spend billions of dollars buying them and end up needing to worry about the issues of music sharing and the like, especially while Google wants to court some of those music labels to spend on search.

If I see internet stocks go up based on hits or pageviews I will make sure I am ready to sell what little stock I have. ;)

Published: August 6, 2005

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