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Baidu, Inc. Message Board

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  • nvest80 nvest80 Jun 26, 2009 8:59 PM Flag

    watch out-check this news

    I simply looked for the article that mentions it, didn't mean to imply that this hurts bidu. What I see is bidu being overbought, mainly through what I would call blatant manipulation. It won't last. Look at what happened to POT...it hanged in tough for a while but once it fell it fell. Let's see how bidu behaves over the coming 4 trading days. I think that will be interesting and should give us a clue of where we're going next.

    I think that some big guys are unloading their shares onto some shorts that have to cover right now. It won't last, this can easily pull back to 220. Asia should be down on MOnday and close the coming week lower than now. All major world market indices pulled back from their recent high, fell below support and after a short couple days of rallying it looks to me that we are headed lower yet again.

    Watch out for US unemployment numbers next week...and a sell off in general.

 
BIDU
185.01+7.34(+4.13%)May 27 4:00 PMEDT