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Baidu, Inc. Message Board

  • investwisely1234 investwisely1234 Sep 19, 2012 11:26 AM Flag

    Need some NEWs from BIDU

    To move this stock to 120/125 we need some news from BIDU mgt if they have any growth plans like Goog. Otherwise side way tradeing will go on till the results come out. One thing that continues to give some little faith in the stock to move higher is that this is one of the high value / growth stock and has lost over 30% in the last few months, which make it attractive for buyer sine likes of Goog appl IBM etc have moved above their 200 day average, so it has to move higher and when it does it will jump 8 to 10 dollars in one go and will like take out the 120 resistance.. Question is when, Technicals are still looking weak so for now sideway trading, but next few days ( after option Experation) will be more telling.. my recommendation if you are long hold, if not wait to buy Late friday evening before the close. I stay hopeful and keep watching the technicals to see if can stay above 113/114 by friday then we have a chance of moving higher even if market moves lower..

    Sentiment: Buy

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