Well, BAIDU.com (BIDU) price has dropped by 40% since it hit its high on Monday. Currently it is sitting at $91.75/share. Nonetheless, compared to its IPO price of $27, it is still good. A word of caution is that the volume has decreased significantly since its IPO. We’ll see its performance by the end of this week.
US Federal Reserve raised interest rate by 25 basis point.
Ruth Chris’ Steak house IPO… hmm… a restaurant going public? Interesting…
New Energy Bill
How about George Bush signing the new energy bill which will extend the daylight saving time by 2 months? What is your response to it?
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