The Baidu (BIDU) Bounce--One Time Deal or a Glimpse of Chinese Way of Doing Buisness?

Wow! A week ago, I never heard of Baidu (BIDU).

Many of you have, but for those who are not familiar with this company, it is sort of the Google (GOOG) of China. Baidu provides Internet searches using Chinese characters, which removes the need to know English--pretty big if you live in China and don't know English.

I heard there are a couple of people who live in China--say 1 billion or so. So there isn't any market, is there? Nah!

I'm learning about Baidu, still, but the Google-like connection gives it some intrigue.

You know what else makes it intriguing? Today, it jumped from $620/share or so to OVER $700. In fact, earlier this morning, it reached as high as $718/share.

What caused THAT?