Featured Trades: (BIDU), (GOOG)
3) Check Out Chinese Internet Firm Baidu, If You Want to Play at the Deep End. If you think our tech stocks are hot, take a look at those in China. Baidu (BIDU), one of my core longs, is now up 640% from the 2009 lows, no doubt cashing in on chief competitor Google's (GOOG) scaling back of operations in their country. You should keep this ticker glued to your desktop, as it has become the canary in the coal mine for global volatility and hedge fund risk taking. In the meantime, our Google barely managed a double to $625. These two hedge fund darlings are best of breed companies, but the Chinese one outperformed the American counterpart by a factor of nearly three to one. The cruel truth here is that American companies with the drag of a mature economy will never command the same multiples of Chinese ones. Google certainly thinks so, as it also owns a chunk of BIDU. Baidu now sports a PE multiple of over 100. Get involved here, and you are definitely playing at the deep end of the pool.