Thu, Aug 21, 2014, 4:49 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Baidu, Inc. Message Board

  • Mightytodd Mightytodd Sep 14, 2005 7:42 PM Flag

    THE REAL STORY - Don't Get Punk'd

    This is a trader's stock. There is a 4 million float. Little liquidity. The stock is just getting bought and sold repeatedly -- i.e., churning. The timid will get screwed -- they buy high and sell low. The day traders will laugh all the way to the bank; they have the stones to feel the pain, which is rewarded -- and I ain't taling afterlife.

    The stock is not dropping because of downgrades; it's dropping because people are getting punk'd into buying high and selling low. If you are going to buy or sell short, you better have the stones to hang in there. The market makers are not going to allow the floor to drop out, because then there is no more money to be made once that happens.

    There is resistance at around 80 and strong resistance in the mid 60's. If it gets to the mid 60s, it will pop back up. Just chill out and hold on to your position. If people hold, there will be a squeeze with this float and the small ratio of short sellers. While I shorted from $122 to $91, I understand it's very tough to get shorts.

    I am now long at $87. And I am fearless. If it drops to $60, it's just the house's money.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The only reason it went up is because nobody
      knew what it was worth. Now you have an 'estimate' of between 27-45.

    • mighty, although I agree with you in essence. What ensures that Goog/Yahoo don't drain the brains there? Although it may have come as jest in my previous post, a green card can go a loooooooooooong way to attract their best engineers over here! I am interested in your's/other's thought on this

    • I think you may be right...I've made some good $$$ buying/selling on these big runs...

      It is a trader's stock...

    • This is a trader's stock. There is a 4 million float. Little liquidity. The stock is just getting bought and sold repeatedly -- i.e., churning. The timid will get screwed -- they buy high and sell low. The day traders will laugh all the way to the bank; they have the stones to feel the pain, which is rewarded -- and I ain't taling afterlife.

      The stock is not dropping because of downgrades; it's dropping because people are getting punk'd into buying high and selling low. If you are going to buy or sell short, you better have the stones to hang in there. The market makers are not going to allow the floor to drop out, because then there is no more money to be made once that happens.

      There is resistance at around 80 and strong resistance in the mid 60's. If it gets to the mid 60s, it will pop back up. Just chill out and hold on to your position. If people hold, there will be a squeeze with this float and the small ratio of short sellers. While I shorted from $122 to $91, I understand it's very tough to get shorts.

      I am now long at $87. And I am fearless. If it drops to $60, it's just the house's money.

 
BIDU
216.84-2.18(-1.00%)4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.