baidu

today would have almost been a great trading day for me but it wasn't because my funds were not ready. I came across the stock and paper traded. Soldl at around the high of the day and bought in 95.
My decision to sell was based on pure luck. I wanted to take my daughter to the park.

No big deal. Would have only been a couple of g's profit. :cool:
 
Bidu has 4 million shares outstanding. Todays volume was 22.5 million. Flipped the 4 million 4.5 times. This is truly amazing to me.

This tells me that lack of supply for the demand, not considering g anything else, did account for a considerable amount of the run up.

I am really going to watch this one and may trade it when shares are available to short at my brokerage.

Want to see what happens when the volume falls off considerably. If it becomes weak on lower volume.

I am relatively new to trading (16 months, with last 8 profitable) and most definitely new to this type of trade.

Any thoughts on the above are welcome.
 
Quote from zdreg:

you are way off..
More...

ok.... hehe, I'm not going to argue with you or stock... clearly, i have no idea what i'm talking about.

good luck to you both!
 
I am the guy who started this thread and was eagerly awaiting bidu to open.

I expected it to open at something like 40-50 ... when I first noticed it it was already 90 ..

And looking at that price I chickened out and didnt buy :D ... looking at all these posts I suppose most of you would agree that I made a right decision

I am curious though .. were there similar posts when google wen ipo?
I still see once in a while a post that says GOOG is going to tank :p
 
http://yahoo.smartmoney.com/onedaywonder/index.cfm?story=20050805&afl=yahoo

I know it is big in China, but I have no idea it is the 6th largest in this planet. Anyone knows rank 1 to 5 ? thx.

I read in several website that Google might buy this company but the article said it didn't sell-out to Google. Did they refuse to be bought by Google? or was it just that the price wasn't right?

quote from the link:
"...As of July 31, Baidu.com was the second-largest web site in China and the sixth-largest web site globally, as measured by user traffic, according to Alexa.com, an Internet research firm.

As they used to say in the dot-com era, Baidu.com has managed to monetize those eyeballs too. Net revenues have grown ten-fold over the past two years, to $13.4 million in 2004 from $1.3 million in 2002, for a compound annual growth rate of 225%. For the March quarter, the company posted a profit of $300,000 on sales of $5.2 million. As for the June quarter, Baidu.com estimates net income surging 384% over the previous quarter to $1.5 million, and revenues up 53% sequentially to $8.4 million. The growth is enough to impress even Google, which has a 2.4% stake in Baidu.com.

"The fact that Google has an ownership stake and the fact that Baidu.com didn't sell out to Google when it showed interest was a big deal and raised its profile," says Ling Liu, vice president at Cathay Funds, a private equity fund dedicated to investing in China. ..."
 
Unless your broker has actual possession of the shares they are not shortable as he can not loan them to you as he does not have them on hand.

Shares only became public this morning and the BD have three days to deliver them to brokers that ordered them

Any broker that does allow you to short is very close to breaking the rules and in this environment I would not expect anyone on ET to be large enough to risk the penalties, LOL.

Stop analyzing and just buy the stock

SteveD
 
Quote from SteveD:

Unless your broker has actual possession of the shares they are not shortable as he can not loan them to you as he does not have them on hand.

Shares only became public this morning and the BD have three days to deliver them to brokers that ordered them

Any broker that does allow you to short is very close to breaking the rules and in this environment I would not expect anyone on ET to be large enough to risk the penalties, LOL.

Stop analyzing and just buy the stock

SteveD
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As I understand it that is correct, the brokers should actually have the shares on Wednesday so they can loan the owned shares out to short.

I agree, no broker will loan the shares out pre-maturely, at least no sane one would.
 
From "JORGE"

"Was anybody able to buy this through IB? I flipped a little in an Ameritrade account, but IB would not let me open a position."

Jorge you didn't say why IB wouldn't let you trade.

Care to share why?

don
 
The latest a BD should have actual shares in hand would be Wed 8/10, which is Trade Date plus 3. Friday the 5th was first date the shares traded or became public (available).

IMHO, the only method to use to trade this type of IPO is with a direct access screen and a fast connection. If you set your order page with the symbol of BIDU in it that will alert you to when it is going to open.

One had to be prepared to trade this two or three weeks in advance. By being active customer, you may have gotten some on the offering at $27, if lucky. Knowing the hype and strong demand it was no surprise that it went like a rocket.


SteveD
 
Quote from Donkell:

From "JORGE"

"Was anybody able to buy this through IB? I flipped a little in an Ameritrade account, but IB would not let me open a position."

Jorge you didn't say why IB wouldn't let you trade.

Care to share why?

don
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I'm not sure, from looking at some of the other threads it appears no one could trade it through IB for at least the first hour. When I tried to enter a trade I recieved a message that only closing trades were allowed on this product.
 
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