1,240,000.00 betting on one stock?
I think you are full of shit. If I have 1.24 millions to gamble on one stock and have time to write about it - you must be a liar that might have bought 10 shares or you are a dumb ass that cannot count!
boys, boys,.....leave the man alone....the market will tell who's right and who's wrong....sell high then buy back at low....BIDU HAS BEEN a wonder stock to do that in.....he MIGHT gave made millions doing that since the $70's
what he meant was he has out of money options 10 contracts like Feb 150, probably bought it for 80 cents, so he is betting like 800 bucks that BIDU would jump and he would double the money or may be even triple.
where do I start ?
near term low 105 near term high 135, split 30, 50% retracement equals 120, it held solid this am
50 day sma turned positive yesterday afternoon
running into earnings
6 month chart shows quadruple bottom held
the rest of the momentum stocks doubled from their 52 week low (GS<POT<MOS etc etc etc etc )
bidu's next is my guess
Pressure today because of bloomberg, but I think some are reading too much into that. I wouldnt short stock like BIDU, you can get burned.