Bidu

I agree flytiger I bought REDF in the 8.00 range and still holding... I believe that India was and has been for some time with all the focus on China .

 

Hey, that was SIFY they talked about.

Another disease of old age, CRS, Dyslexia, I got 'em all.

 

$122. not there yet.. target $200

 

9/12/2005 Lightning Round Recap


Bearish - Goodyear Tire & Rubber (GT), Saks (SKS), A.C. Moore Arts & Crafts (ACMR), NVE (NVEC), Panacos Pharmaceuticals (PANC), Spartech (SEH), InterOil (IOC), Smurfit-Stone Container (SSCC), SuperGen (SUPG), Raymond James Financial (RJF), Applied Signal Technology (APSG), Baidu.com (BIDU), Alkermes (ALKS), Gold Kist (GKIS) and Dell (DELL).

 

PIPER JAFFRAY SETS BAIDU.COM PRICE TARGET AT $45 GOLDMAN SEES BAIDU.COM IMPLIED VALUE AROUND $27

 

You gotta love it. Goldman underwrites the IPO and initiates coverage with an "Underperform" and price target of $27.

 

Its too bad bidu didn't pick morgan stanley as their lead underwriter. Cause Mary Meeker would have given it a $150 price target.

 

I imagine they are covering their shorts today

 

how do you short ipo's?

 

Something is fishy with BIDU. I dont understand the timing of Goldmans comments. When it was trading in the 80's last week, Goldman didn't see the implied value at $27?