2005 Stock Of The Year Inside!!!!!!!!!

[RJeremy]

spark,

you moving threads again?? haha. j/k buddy. i figured you'd move it. i just wanted as many people to see it as possible first.

[pm530]

More on Baidu

More info on Baidu. Expected to come out at $23 to $25/share. (Sounds speculative, but I thought the same about Google, and look where that went!)

For more info, go to:
http://www.marketwatch.com/news/stor...&siteid=google

[iamsimpson]

rj where do you get your info on stocks

if i deposited 500 should i put all of it on this stock or do you know any other stocks worth picking up

[Spark]

spark,

you moving threads again?? haha. j/k buddy. i figured you'd move it. i just wanted as many people to see it as possible first.

Thats why we left it there for a few hours ...

[MASTERJAX]

RJ,

Comes out tomorrow, not sure what time, but they have raised the price to 23-25. This stock is going to be fun to watch. LETS MAKE SOME MONEY$$$$$$$$$$

[keawe]

RJ, Master,

Said it comes out tomorrow? Just wondering cause my standing order didn't fill today. Put in a order for 50, lets hope this takes off for all of us!!!!

Thanks for the tip RJ!!!!......been out of the market for a long time. the last stock I bought was Cisco for 85 a share, and GE for about 80 a share. Anybody remember that time?....right before the crash!!!!!!

[Watchtower76]

Try VRTS at $210 and ELX at $190

[moondog22]

just put my order in for bidu RJ,lets hope it turns into another Google

[wallstreet]

I bet she opens around 35-40. They upped the price range to 27 today. That price range only is for the big cats who get the IPO price. The little guy gets market pricing.

Might be good on a pullback in a few days if you get it.

[checkers]

Trading halted on this baby... anyone got it yet?

[Blitzz97]

Here's a article on Baidu.com that was in our local paper this morning. A brief summary.....good luck trying to get in on this at $25.....

It's probably the hottest IPO to come along in a year, and you probably don't stand a chance of getting in on it.

Baidu.com, the leading search engine in China, is looking to raise as much as $101-million (U.S.) by selling about 13 per cent of the company in a U.S. initial public offering that will hit the markets today.

The IPO gives investors -- some of whom have been kicking themselves all year for not buying Google shares before the price skyrocketed -- another shot at the stratosphere. "It's a ridiculously hot play," said one Canadian fund manager, who spoke on condition of anonymity.

So hot, in fact, that Canadian fund managers are going to have a hard time getting in on the action, he said.

"Goldman is probably going to allocate it to their biggest clients. We'll have to wait and see, but it's probably going to be slim."

Goldman Sachs Group Inc. and Credit Suisse First Boston are managing Baidu.com's share sale. The Chinese search engine's American depositary shares start trading today on the Nasdaq Stock Market under the symbol "BIDU."

Beijing-based Baidu.com, which was founded in 2000 and is modelled after Google Inc.'s website, had to raise its offering 30 per cent to 4.04-million to meet huge investor demand, increasing the maximum share price to $25 from $21 in the process. And analysts think the share price is destined to soar.

The stock's appeal is easy to see: it may well be the next Google. Baidu.com leads the Chinese search market with a 37-per-cent share, according to Analysys International Ltd., a Beijing-based market researcher. Google accounts for 23 per cent and Yahoo for 21 per cent.

Like Google, Baidu.com makes money by allowing advertisers to run ads next to search results. Advertisers pay a fee when users click on the ads. Unlike Google, Baidu.com has the lion's share of the market in the fastest-growing economy on Earth. The number of Internet users in China rose to 94 million in January, Piper Jaffray Co. analyst Safa Rashtchy said in a July 8 note. Search advertising in China is expected to quadruple to $690-million by 2007, according to researcher iResearch Inc.

"It's a Chinese Internet play," the fund manager said, "and there ain't too many of those around right now."

Part of the company's appeal is also due to the precedent set by Google, which owns about 2.6 per cent of Baidu.com. Google's IPO debuted a year ago at $85. The company's share price is now flirting with $300.

Baidu.com's similarities to Google go right down to the founders: two U.S. university students who decided to start a search engine.

Robin Li, the company's chief executive, planned to sell 250,000 shares, or 3 per cent of his stake, worth as much as $6.25-million. At $25 a share, his remaining 22-per-cent stake would be worth as much as $181.8-million.

Co-founder Eric Xu planned to sell 160,000 shares, or 7 per cent of his stake, worth as much as $4-million. His remaining 7-per-cent stake will be worth as much as $55.5-million.

At $25 a share, Baidu.com would have a market capitalization of about $808-million. The company is expected to use the money raised from the sale to fund new features and grab a bigger piece of China's on-line advertising market.

The company still faces some home-grown competition, however. Sohu.com Inc. and Netease.com Inc., which are based in Beijing, and Shanghai-based Sina Corp. are all vying for on-line advertising money. All three companies are traded on the Nasdaq.

Baidu.com's had a 2004 profit of 12 million yuan ($1.48-million) in 2004, compared with a loss of 8.89 million yuan a year earlier.

The company will sell 3.2-million shares and shareholders are offering 831,700 shares, according to a regulatory filing. A further 564,000 shares may be sold if demand is strong enough.

© The Globe and Mail

[rented mule]

This stock just opened for trading, as few minutes ago, at $66. I don't think there's any value there unless you think this is the Google of China.

[Blitzz97]

Rented Mule....this is sick

check it out....


Shares of Baidu.com soared as much as 200 per cent Friday, its first day of trading, after the leading search engine in China raised $109-million (U.S.) by selling 13 per cent of the company in an initial public offering.

Even after raising the maximum share price to $25 from $21, the company reportedly sold 4.04-million shares at $27 each to investors Thursday.

Baidu.com was trading at $72.20 after rising as high as $82 earlier in the session on the Nasdaq Stock Market. More than 3 million shares changed hands in the first 15 minutes of trading.

[wallstreet]

Unreal..

82 to 65 to 81 all in 30 minutes.

I doubt anyone bot the stock today..

[BigWeiner]

It's up to 98