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08-08-2005, 12:31 PM
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#1 |
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new member
 Join Date: Jul 2005
Posts: 14
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BIDU
I don't believe he mentioned it on Thursday, before the IPO, and on Friday he said "sell, sell, sell."
Missed out on 20% today. |
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08-08-2005, 05:37 PM
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#2 |
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forum leader
 Join Date: Jul 2005
Location: nc
Posts: 1,183
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re: Baidu
I didn't hear him mention the IPO, either, we have to pay attention and not rely on him for all our information.
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08-08-2005, 08:06 PM
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#3 |
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valued contributor
 
Join Date: Jul 2005
Location: Bay Area, California
Posts: 106
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Biadu had a great IPO but I heard it's trading at 1000x earnings!? Sounds like people might get burned by hanging onto this, but it is very intresting to watch.
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08-08-2005, 08:34 PM
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#4 |
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valued contributor
Join Date: Aug 2005
Posts: 112
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Personally, I hate IPOs. Most are pure speculation as there is not enough data to make a good educated decision. In fact I don't buy into any companies until they have been traded for at least 4+ years. I'm guessing Cramer wouldn't recommend too many IPOs for that reason. Unless it is a big name like GOOG, I'm sure he's staying clear until the dust settles. But, if I was fortunate enough to own Biadu I wouldn't hesitate to ring the register! I agree with Cramer...SELL, SELL, SELL!!!
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08-09-2005, 11:56 AM
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#5 |
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forum leader
Join Date: Jul 2005
Location: nc
Posts: 1,183
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re: baidu
I wouldn't invest in any company doing business in China unless it was owned by Americans. I still don't trust Communists, but that is jmpo.
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08-09-2005, 12:55 PM
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#6 |
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valued contributor
Join Date: Aug 2005
Posts: 112
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Hmmm...trying to make money in a communist society. Isn't that sort of like playing against a heavily stacked deck??
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08-09-2005, 07:07 PM
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#7 |
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valued contributor
Join Date: Jul 2005
Location: Preparing for Cramer's Tech Rally
Posts: 25
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WOOOOOOOOOOOOO HOOOOOOOOOOOO I made over $4,000 on Bidu, cuz Jim mentioned it and I shorted it!
 Thank You Jim!!!!
__________________ Cramer: Wu-Tang Clan (WTC) ain't nothin to f*** with. |
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08-10-2005, 02:45 AM
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#8 |
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new member
Join Date: Jul 2005
Posts: 14
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As of Tuesday, there have been no shares available to short.
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