What a crooked game this is. The MM's pushing this down to accumulate it now. Base tard skum
This is so manipulated it's disgusting. There's no reason for this to stay at these levels. Google pulling out of music downloads and BIDU paying for music royalties to supply the enormous Chinese market. It's insane. This game is as crooked as a cork screw. Only thing to do is wait till the big money A-hauls own enough to run it up. The potential on this is crazy good and the earnings just keep going up and up and up. Screw this,,, I'm going to turn off the computer and take a 6 month nap.
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.