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The ambassador’s BIDU trade

By: Emerging Money
Posted: 1/10/2013 4:15:00 PM
Referenced Stocks:

Fast forward to day and BIDU is now 18X stock average 70x earnings previous 5 years

[caption id="attachment_33930" align="alignright" width="240" caption="Tim Seymour"] Tim Seymour [/caption]

Value multiple for a growth stock like Baidu Inc. ( BIDU , quote )  can be scary but this was overdone to the downside and we still want to be in the trade so we rolled our 105 calls into 115 weekly next week but in the process took some 1/3 of premium out of the trade...