Why I Don't Think Wed's Price Decline is such a Bad Thing
1. Light-ish volume (less than 8M). Along with the usual reasons not to trust a price change on light volume, the big conclusion I'm drawing from it is that the market isn't taking seriously yesterday's claim from Muddy Waters (isn't that a band?) RE: potential active involvement by partners from the Big 4 Acounting firms to mislead investors. Since Bidu uses one of those 4, Ernst & Young, I feel a lot better now that the market's decided that Muddy Waters' claim is probably so much hooey.
2. The daily background market increases (an unsustainable long run condition) that helped propel the recovery from $102 back to $135 ended this week without a price collapse.
3. Plain old gut feeling. On Friday, Bidu and the mkt generally felt overbought to me (link, below, if int), but after the last 3 days' selloff it feels to me like the gains remaining have been consolidated and I feel like the share price is likely to rise from here towards earnings. (Full disclosure: first, I'm not too bright; second, this #3 is a 100% guess).
I doubt there's a board moderator. If anything, a bored moderator. You could try reporting yourself, which might be a first, but I'm not sure on what grounds you would lodge a complaint. In fact, compared to the prevailing level of idiocy and hucksterism it was a pretty good post.