Jeffries downgraded BIDU because of pressure from QIHU. Yet, just upgraded GOOG within moments. Keep your money in BIDU and listen to the other analysts with Buy ratings. I'm in for a Strong Buy on BIDU.
Technical break out was forming, but the analyst report stopped the up move, I do think that there may be some loss of share, but BIDU price target of 130 to 150 is for sure possible. Wait and see, would like BIDU to come out with a news..
just went to my vanguard account and checked the S&P and Reuters report on BIDU. Their reports were updated this weekend. Both have buy ratings. S&P price estimate next 12 months is $180 and Reuters was $160. Jefferies is a play on their part in an effort to get them or their clients more position.
I've noticed that every time this stock begins a move upside someone jumps in to stop the momentum. Isn't this Jefferies secomd rating in a little over a month? Why is their target so much lower than the average rating?
Longs need to realize that this rip and dip pattern will prevail until earnings. Just go with the flow and make money. BIDU is a very easy stock on a technical basis.Simply being long here is almost suicidal. You know bad news is coming, the only question is how bad and is it priced in already