Barron's negative on Baidu (BIDU)

Frankly, the article seems chocked with a lot of valuation calls, which is always risky when dealing with a volatile stock like Baidu. Expensive growth stocks tend to get more expensive as investors have often already disregarded more traditional methodologies to justify the present valuation. They know it's expensive and just that fact won't make them sell.

It's "priced for perfection", according to Canacord Adams. "With the stock above $300 again, we're on the sidelines", says Ryan Jacob of the Jacob Internet Fund. Others like SOHU, SINA, CTRP are cheaper. Expectations are very high for the Beijing Olympics and have been for well over a year now -- this favors SINA and SOHU, which focus on display advertising and is less favorable for BIDU who focuses on search, according to Oppenheimer.

Baidu reports April 24th.