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Baidu, Inc. Message Board

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  • jms_linn jms_linn Aug 7, 2009 6:44 PM Flag

    Oh No! A late day selloff!

    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.

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    • THe Dow dropped about a third of its gain for the day at the close. Baidu retreated from its highs for the day after trading in a very narrow range on the upside. The vol. was .5 million short of its average 1.5 million shares traded daily. I think all this is very positive. Looking forward to Monday.

205.58+3.78(+1.87%)Nov 27 1:00 PMEST