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Baidu, Inc. Message Board

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  • tech_stock_technician tech_stock_technician Sep 21, 2012 10:39 AM Flag

    What a crooked game this is. The MM's pushing this down to accumulate it now. Base tard skum

    Yes, It is mainly technicals. You can call it crooked if you want but that's how the market works. The Bears are having their way because of all the concerns about China and BIDUs competition and the market will take it down as far as they can before covering and going the other way. It's negative that BIDU is down on an up day. But 110 is the key support. If it cannnot hold, then 107 here we come, then if it breaks that, it will move towards 100. But if it holds 110, at least for today and Monday, then the big money will likely come in. If you're long, have some reserve to buy lower. If you're short, make sure you have a stop to cover above todays high.

 
BIDU
196.62-2.46(-1.24%)11:50 AMEDT