Today will probably go into a small correction and the board will light up like hell with all kinds of negative BS, I cannot believe this market, traders today feel the stock they purchase has to go up everyday on regular session, pre-market and after hours. Bidu is a solid investment in my opinion based on earnings (facts not opinion) I believe bidu will soon be trading above $145 The same traders who sold 2 weeks ago are the same traders that have been buying the last few sessions at discount prices and are waiting for a repeat.
No WeiGH it's correcting tomorrow. Another run tomorrow to push $140 then it'll settle around $137 and then who NOSE what will happen on Monday. You say correction tomorrow but it was in a bad patch the previous 10 days (before two days ago). Tomorrow will be good and I'm (literally) betting correction on Monday.
My guess last night was the same as yours this morning, that after yesterday's huge jump, we'd probably see some pullback. Don't worry about it; the only guys who are never wrong are those that never play. And we weren't even exactly wrong: the overall market's flat, not up, although China stocks are having a good day.
In my opinion, that's due to the Chinese central bank easing Chinese banks' reserve requirements vs. their loans. While not that dramatic an action by itself, I think it's being given larger importance as symbolic of a general change in Chinese monetary policy from tightening to more aggressive growth.
If you noticed at about 0800 hrs. It was up $1.80 and about 0900 hrs. It had turn south - .7 i expected some profit taking considering it has rallied over $10 in the past few days. i think the big players manipulated this stock on a huge sell off creating a massive sell off making bidu drop like a bomb in the 5 negative days in the market. i find it hard to believe that traders will fall for a repeat in this head game created by the wealthy and to benefit the wealthy. they sold of in the $139 range creating panic and a massive sell off, a lot of traders panic and sold off their holdings at a lost only to benefit the big players now picking up millions of shares at discount prices. Baidu has been rated a buy with a target price of $200, regardless how i feel about baidu i believe that to be steep in this market, $168 to $175 more realistic.