Take a look at this post on China Net Investor. It offers some Wall Street "wisdom" on Baidu.com, a Chines search engine company that went public Friday. I commented on BIDU a couple of days ago.
The Street hated Google at 100 and now hates Baidu.com at 123. They may be right this time, but I don't think so. This is a bull market and I predict BIDU will hit 270 (which is 10 times its IPO price) within 6 months.