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Baidu, Inc. Message Board

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  • ilygod ilygod Nov 17, 2008 3:07 PM Flag

    Just Out - Analyst Says Stock is Overreacting

    My gut tells me that they'll keep this one down all the way to the close. Then after hour it'll trade up awaiting BIDU's reply.

    I do believe the call/put ratio heavily favored the call so this is an interesting move today.

    Tomorrow, the gap will largely be closed and the news will read "BIDU made a mistake and will fix it." Oversold condition with short covering. Analysts will likely downgrade and keep price target around $200-$300. This gives them an out...i.e. using silly negative press to cover their behind.

    BIDU has been steadily declining since $320...so we're almost 60% down on a growth stock in China. Go figure.


    If the company press release is lame, it could fall more tomorrow, although not much more from here.

    If the company

 
BIDU
146.00-3.08(-2.07%)Sep 4 4:00 PMEDT