I am long BIDU. It is crazy how much it has gone down over past 2 weeks. Things looked so good after earnings. Sell off has been overdone.
I know if I short the stock it will go up right afterwards. Bought into earnings and looked like a smart move until the dumb college student blamed a search engine for his inability to cure terminal cancer!!
Dumbest thing I ever heard of.
I must admit - China wrapped po its' investigation quicker than the U.S. would name a committee to investigate!
could go a lil lower but this is a good entry for anyone who's been waiting to get in, risk/reward wise....these "scandals" ofthis correctable nature always prove as buying opportunities....fundy's in great shape inmo...gl
Collapses???? They own the US debt....the US literally can't let them collapse. I hope you have more than that. China has a middle class that is growing by thousands a day and those people are using computers and those computers are typing your favorite acronym...B I D U....and those people are learning. What are they learning? They are learning that they like learning.....that is the problem that shorts have here....people like learning!!!!
Keep shorting....better yet, tell us when you cover. I am WAY up on BIDU, you can look how far back I go....I would say that there is a really good opportunity being created by all this 'weird' noise that is effecting the stock. I mean really....is UBER going to go under if one of its drivers gets into a deadly accident??? NO, so BIDU supplies info to people and when people use it incorrectly it's BIDU's fault, laughable, and to think that people in China think differently about it is disrespectful of the intelligent people there. Also, the economic data there....you may want to do your research on how/what GOOG did while the US was in its economic catastrophe. Good Luck, B
I don't know....I'm a bit stumped here. I added before earnings on a hunch....was right....and then the scandal. I think the stock is going to consolidate this level....I do think that there is a TON of upside here (200B CAP easy) but I guess I am a bit surprised that it is taking this long for the rest of the market to see it as well. Time will tell, perhaps I'm wrong....
Looking at the chart for 2016 I see strong support at about 174, this stocked bounced off that level twice prior to the recent sell off. Now that we have sold-off and the stock is sitting well below its 200 day moving average , how much further do we have to fall? My stop kicked in at 168 leaving me on the sidelines, I'm now looking for an indication that the fall is over prior to jumping back in. Personal I feel the scandal is overblown and will certainty buy closer to its 52 week low of 140 ish. (I know 100 is the 52 week low but imo 140 is a better benchmark as it was only @ 100 for a matter of minutes and no retail investors could pick-up at that level)
Sentiment: Strong Buy
Near Philippines and Vietnam to cripple and destroy their economy. Evil
China will go to he ll soon so their economy. No one wants anything from china now.
Only the fools would buy it now. With the restrictions now applied to BIDU the next earnings will be dismal