The Baidu Bubble

If you believe China is a bubble and the stock market will crater following their property bubble, you might consider BIDU as a short. The stock rallied from 100 bucks to 450 bucks and from a valuation point looks ridiculous to me. Of course it is one of the popular go-go stocks, so it is tough to short a stock like that. But a slightly longer term (such as sep 10 or jan 11) way out of the money put looks quite attractive to me.