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Baidu, Inc. Message Board

  • dardaaajo dardaaajo Aug 7, 2009 3:24 PM Flag

    Oh No! A late day selloff!

    This is important if the market does selloff into the close, which reverses the trend of traders painting the tape to the upside previously at the close.

    I don't think anyone wants to be long heading into the weekend, given how overbloated this market is.....

    Look for BIDU to head to $325 next week.

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    • Late day selloff does not bode well for coming Monday.

      BIDU held up very firmly until the last hour. Down $1 for the week, making 2 down weeks in a row.

      Looking for a correction in the stock the next 2 weeks and suspect it will test the $331 which was the closing price when the earnings was released.

 
BIDU
198.71-0.37(-0.19%)Jul 1 4:00 PMEDT