I would think the high volume suggests that Baidu is formong a base at around 90-95. For those of u who think it will hit $70 I suggest that the first test will be at 85. For thise that feel 160, In my opinion u have as much chnce at 160 as the shorts have for 70. As far as 10% market share by Qihu..we will see how long it takes them to get to 15% and then 20%.
Educated comments and dialogue r always welcome.. ignorant dudes with little to say please don't waste ur time.
From AMIII Feb 5th...good post...
The volume tells the whole story, this will most likely be the biggest volume day in over 12 months. A classic panic bottom. The actual bottom may be today, or it may be sometime this week, but you don't get many more sellers than this. The smart shorts are covering, the amateurs will get taken out in the squeeze, probably next week.
Also all the stops around 100 have been taken out so the amateurs are already out of the game.