Baidu, Inc. Message Board
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Not touching BIDU til it reaches around $110
I am looking at 15% correction from the recent high of $134, good entry point around $110. BIDU did 15% correction after it touched $140 as well.
GLTA-
Heh, heh, interesting analogy. I definitely agree that for some reason, everything about China has suddenly become VERY UNCOOL.
I've been a China watcher for the last 5 yrs or so, and I don't remember sentiment on China being this investment negative, ever before.
I'm a little baffled as to why that should be. True, the macro Chinese economic expansion is slowing somewhat, but it seems to me that the investing universe is taking that way out of context. I mean, if we were talking about any economy on Earth EXCEPT China's, then who in their right mind would be all doom and gloom about economic expansion of ONLY 8%? -
Welcome aboard, bdplayer. I always read and like your stuff.
- 1 Reply to hmmm26
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What do you guys see this going to before earnings?
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And today it did....it is an enrty point and certainly I will get in.
GLTA- 1 Reply to bdplayer
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Bounced off the area twice...next week we will see if it begins to trade sideways and holds or we break down again. Don't like bottom picking I will miss a few points but also won't get crushed.
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