Wednesday, December 06, 2006
Sector Spotlight: Foreign Internet's
Honestly, I don't understand why anyone would pay 100x+ earnings for BIDU-- but they do. The canned line "they are the GOOG of China" is completely and utterly fucktarded. Unlike BIDU, GOOG is coining money and pretty much dominates the internet-- as we know it. So please, no more "BIDU is the Chinese GOOG" bullshit. Please. That's like saying, the Mexican Navy is just like the U.S. Navy, minus all the fucking missiles and nuclear subs and shit.
Aside from the asshattery in BIDU, similar asshats may be found in REDF, SOHU, TOMO and IIJI.
NOTE: I love oil.
After two months of non-stop selling in CVS and WAG, the sellers are done.
Someone new wants in. They've been taking stock in size at the offer for three days. Beautiful.
To be honest, I didn't even bother to check why it gapped up yesterday.
I guess the teenies are buying their clothes, again.
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