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Baidu, Inc. Message Board

  • gruen7 gruen7 Dec 4, 2012 2:01 PM Flag

    Will finish at the lows then more selling after hours

    Bidu has 3 major sellers on level 2 that have been on and off sellers all day. Usually when a stock is way down halfway thru the trading day a big seller will stop or disappear and come back tomorrow to sell (hoping to sell higher tomorrow) but the fact that they did not stop selling or go away is an extreme negative for the stock. It means these three sellers want out at any price and they still have a lot of shares they intend to sell. If just that was not bad enough or telling enough, somebody keeps whacking those puts and at several times today has paid the asking price on the puts over and over. Keep buying weekly puts, not only do they go up in value but if we get that quick scoop down to 71-73 area, you will have a nice fast payday.

    Sentiment: Strong Sell

176.37+2.01(+1.15%)11:49 AMEDT