Considering it too had so many negative reports like EMC , VMW, hence i am of the view that it too may tank to 87 or lower.. Also stocks recent performance is an indication of more down side to come .. SO i would lighten up on th eposition just in case..Not too long to wait for the reults..
Opposing opinions is what makes a market. Monday after the bell will be the judgement day to find out who is right and wrong. Both BIDU and QIHU charts have a run up then just have been fizzling until the final decision.... earnings.
I have positions in both stocks with option protection on the downside to BIDU. If BIDU beats earnings and gives good revenue outlook, that could send QIHU up as an alternative play to BIDU. If BIDU doesn't beat and tanks, then QIHU is going to rob the spotlight again as the up and coming competition.
NFLX was just ridiculous, shorts need to consider the level of pain they can take if BIDU did the same.