"Baidu and China are growing a lot faster than analysts had projected, and I just wouldn't want to stand in front of that kind of grinding momentum."
-- Rick Munarriz, five minutes ago
When did you become a momentum investor, Rick? Baidu.com
After all, momentum is fleeting, especially in the technology industry. Show of hands, please. Who remembers Prodigy? Co-created by AT&T and Sears, it was an Internet service provider long before there was United Online
Where is Prodigy today? It teetered toward irrelevance for years before SBC acquired it in 2001.
What's to prevent Baidu from becoming the next Prodigy? Government assistance? Rick doesn't give the firm a home-field advantage. Patents? I don't find any.
Of course it will. So, I ask again: How soon after you invest in Baidu will that be?
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Fool contributor Tim Beyers, ranked 762 out of more than 20,700 in Motley Fool CAPS, didn't own shares in any of the companies mentioned in this story at the time of publication. Get the skinny on everything Tim is invested in by checking his Fool profile. You needn't search for disclosure at The Motley Fool.