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Baidu, Inc. Message Board

  • vinod_425 vinod_425 Sep 15, 2009 2:13 PM Flag

    Reversal in effect, RSI at 73

    RSI crossed 70 today indicating an overbought situation. RSI 14 currently at 73.

    BIDU sell off underway. Volume picking up, short term moving averages have crossed over. A close below 390 likely.

    Today is the time to short BIDU, IMO. Sept 390 puts are pricey at $6 with expiration looming. Tempting.

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    • The fat lady has sung and BIDU is now going down slowly...it will not see $400 this week. The PUTs will gain for the next 2/3 days. The last bit of news about their CEO presenting at the GS conference is now over. There is no more good news left....we may see BIDU end up around $360 by Thursday.

      Cheers!

 
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