karennma
8,057 posts
msg #55635
- Ignore karennma
modified |
10/11/2007 1:36:56 PM
nevermind
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karennma
8,057 posts
msg #55636
- Ignore karennma
modified |
10/11/2007 2:19:33 PM
was anyone in BIDU today?
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SFMc01
358 posts
msg #55637
- Ignore SFMc01 |
10/11/2007 3:50:17 PM
Thank you. I thought I was done for the day and was about to leave my computer. I saw your post at 3:15pm, bought BIDU at 3:26pm at $309.56 and sold it at 3:44pm at $315.56!! Thanks again.
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karennma
8,057 posts
msg #55638
- Ignore karennma |
10/11/2007 4:54:22 PM
SFMc:
You were lucky .. luckier than most.
I was going to post this for the newbies, then changed my mind ...
But here it is anyway ...
NEVER, EVER leave open positions unattended.
You can't just .. "let your profits run" ....
they may run AWAY from you!
That BIDU drop was the most frightening thing I'd ever seen!
I thought I was hallucinating.
This is 1999 revisited.
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TheRumpledOne
6,411 posts
msg #55678
- Ignore TheRumpledOne
modified |
10/13/2007 1:01:34 PM
Nice trade! It pays NOT to be greedy. Take the money before they take it back.
BIDU is a trader. You can make a living just trading BIDU.
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markcrisp
187 posts
msg #55979
- Ignore markcrisp |
10/24/2007 4:25:50 AM
another great call...
You know if keep trying to predict every daily twist and turn you aren't going to break out of the 9-5 J.O.B.
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TheRumpledOne
6,411 posts
msg #56036
- Ignore TheRumpledOne |
10/26/2007 1:05:45 AM
INVESTOR'S BUSINESS DAILY
Posted 10/25/2007
The steep growth of Chinese search leader Baidu.com (BIDU) continued with Thursday's third-quarter results, but not at the pace investors of its U.S. stock had hoped.
Baidu said both its sales and profit last quarter doubled from the year-earlier quarter. But its fourth-quarter sales outlook just met views, and after it released results after hours, its U.S. shares were down almost 4%.
"With some Chinese stocks, people expect them to knock the cover off the ball," said Gene Munster, an analyst at Piper Jaffray. He continues to rate the stock outperform.
Still, the results beat expectations.
The company reported sales of 496.5 RMB or yuan, or $66.3 million at Thursday's exchange rate, up 107.5% from a year ago. It reported per-share profit of 70 cents. Analysts expected $65.5 million and 63 cents a share, according to Thomson Financial.
The company said its net income rose 113.2% to 181.7 RMB, or $24.2 million.
The Chinese company's American depositary receipts have been on a tear. The stock has more than tripled since late April. Since Aug. 27, it's ranked No. 1 in the weekly IBD 100 list of best-performing stocks.
Ming Zhao, an analyst at Susquehanna International Group, sees no letup in growth. He maintains his positive, or buy, rating on the stock.
"The number of Chinese Internet users is still growing at 20% year over year," Zhao said, "and usage is still growing. This will continue."
Baidu Chief Executive Robin Li said the number of users continues to grow, driving up sales.
"During the third quarter, we saw solid revenue and earnings growth driven by an increase in user traffic and active online customers," Li said in a statement. The company was scheduled to have a conference call with analysts late Thursday.
The company expects sales of $74.7 million to $76.7 million this quarter. That represents a 106% to 112% jump from fourth-quarter 2006, and a 13% to 16% rise from third-quarter 2007. The midpoint exactly meets analyst expectations.
Baidu, like U.S. search king Google, (GOOG) gets all but a sliver of its revenue from ads placed strategically with search results. It maintains a big lead over Google, which dominates most everywhere else.
"Google is taking share from smaller players in the market, but not from Baidu," Zhao said. "Both will grow. The China market is in very early days. If you look at year-over-year growth, we're still looking at very strong quarters now. Baidu will still have triple-digit (revenue) growth this year."
Baidu continues to ink deals with companies worldwide. In July, it signed a pact with Hewlett-Packard (HPQ) under which HP will put Baidu's search engine on every Presario and Pavilion computer it sells in China for the next year.
Last week, Baidu said it planned to enter the consumer e-commerce market.
"Baidu's extensive user base and rich experience in Chinese language search makes e-commerce a natural step for expansion," CEO Li said last week.
On Thursday, Baidu and online China travel agent Ctrip (CTRP) formed a partnership. In a joint statement, the companies said users will be able to search for some 5,000 hotels through Baidu Map, and book rooms through Ctrip.
Last November, Baidu signed an agreement with eBay (EBAY) to promote eBay's PayPal online payment method. In return, Baidu agreed to be the exclusive provider of EachNet, eBay's China subsidiary. It's not clear how Baidu's latest thrust into e-commerce will affect its relationship with eBay.
Baidu said last December that it would enter the Japanese search market. Zhao says the company is nearly ready to come forward with its Japanese search engine. He expects it to happen by year's end.
That could give Baidu's sales and earnings a further boost in 2008.
"While we maintain our focus on our core search business, we also continue to launch new products and services that leverage our strengths and high user traffic," Li said in the statement
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karennma
8,057 posts
msg #56045
- Ignore karennma |
10/26/2007 7:51:19 AM
Reuters
Baidu profit doubles, but shares slip on forecast
Friday October 26, 7:33 am ET
By Sophie Taylor and Paul Thomasch
SHANGHAI/NEW YORK (Reuters) - Chinese Internet search company Baidu.com Inc (NasdaqGS:BIDU - News) beat forecasts by more than doubling its quarterly profit, but its shares fell 4 percent as its profit guidance fell short of some investors' expectations.
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Here we go again!
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karennma
8,057 posts
msg #56471
- Ignore karennma |
11/6/2007 10:44:43 AM
look.
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karennma
8,057 posts
msg #56472
- Ignore karennma |
11/6/2007 10:51:15 AM
$429 --- -> 392
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