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Baidu, Inc. Message Board

  • eurosasa00 eurosasa00 Nov 20, 2011 1:52 PM Flag

    Dont buy bidu yet, technically broken

    BIDU is technically broken stock right now (fell through 50, 100 and 200 DMA).

    Look for further downside before commiting funds for a trade.

    I will be closely watching bidu stock movement and also congress super commitee and european financial problems before buying calls in Bidu.

    Untill then wait for it. Looking for 115-120 levels before i make any moves.

    Look what happened to bidu last time it broke these levels. It sand 10%+ before rebounding. So to maximize profits, wait little longer before going long, but if u r long term invester, 120-125 is good entry point.

    I ll be waiting and watching.

    Gl all

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