It's exciting for me to see stocks move like Research In Motion(RIMM Quote) did on Friday, climbing 17%, and Baidu(BIDU Quote), which was up $18, or 11%, on Monday.
RIM soared Friday, and added another $14-plus yesterday, because the company blew away earnings, right in the face of all the short-sellers who anticipated its premature death in the wake of the release of Apple's(AAPL Quote) iPhone.
Baidu's ascent came when Chinese gaming company Shanda Interactive(SNDA Quote) released a new online game. Does it make sense? Not necessarily. Baidu is hard to value at 60 times earnings but does have year-over-year growth of more than 100%.
However, investors are nervous about putting money in the online China stocks. They are worried about bubbles. They are worried about the Chinese government. They are worried about corruption. In other words, these companies that are spinning off a ton of cash, have excellent balance sheets, and great growth prospects have a solid of wall of worry built in, too. ...
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