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Monday, April 11, 2011, Inc (BIDU) & Facebook

By Tim -

Shares of, Inc (BIDU) hit a 52 week high near $149 this morning but been down 5 straight points., Inc (BIDU) is rallying due to a deal with Facebook to create a social networking website in China. BIDU stock has been soaring through the roof over the past year on better than expected earnings but It's P/E ratio is now 93. BIDU is very expensive but you are paying for future growth. I wouldn't touch BIDU up here but would consider shorting the stock if it goes higher.

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