The 200 dma is right at 133 and we are there now! It is either bounce here or breakdown big time! If it breaks, more shorts will pile onboard. I am hoping they will cover here! This could be sector related since bad news re: Alibaba today!
Have you been long this stock for a while? I just got in unfortunately after the earnings report. I expected it to soar instead of drop like a lead balloon! Is this unusual movement for BIDU after a earnings report? I am hesitant to sell now as it seems so beaten up and apparently shorts are really working it but would hate to take much more of a loss than I've already taken! In the past, has it rebounded quickly after a short attack? Thanks in advance for any help you can give.