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Baidu, Inc. Message Board

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  • mc2k mc2k May 25, 2007 4:47 PM Flag

    BIDU is regaining some of the ground it...

    BIDU recently made its 52-week high. Unfortunately, the volume was not large enough to be counted as a breakout, implying that institutional traders were not quite ready yet to support the stock above its 52-week high.
    The two-day selloff of NASDAQ has brought BIDU down to 130 area. Trading volumes on those two days were both above the average. No one knows for sure if the selloff was a weak holder shakeout or the exodus of major institutions. Hopefully, it will form a high handle and break out from there.
    What do you think?

 
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