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Baidu, Inc. Message Board

  • bwuno_mali bwuno_mali Jul 3, 2013 8:51 AM Flag

    Baidu July3-China down after 2 days up. Baidu longs hope support at 88 shorts see breaking 82

    Good morning Baidu longs. The slide for Baidu will probably continue into the third day, primarily, in my opinion due to Chinese hard landing fears. The shorts will undoubtedly take advantage here to fear monger.Rumours abound that Qihoo has bought Sogou. The momentum stopped Monday. Will we return to test the lows of $82. A hold above 88 today will inspire the longs. Many critics believe that we will test 82, I will continue to be long and await the latest results from Baidu. Any hint of a surprise and our patience will be rewarded. I’m sure that you agree with me “it’s time for good news”. Have we hit the bottom for Chinese stocks? Last night China was down .6%, HK down 2.5% and SP futures are down 5 pts pre mkt. Volatility will continue. Keep strong in spite of the negativity. Recent negatives: China slowing,VIE's, banks, margin pressure, high R&D, predictions of 70's by Maxim, and Qihu pumps etc. have been hounding Baidu and benefiting the competition: On the positive front: BNP Paribas started coverage with a buy, Baidu-Ford agreement, Qihoo 360 search peaked, video begins to take shape, positive earning leaks. The ride will be bumpy but I think the worst is over. Good luck longs, cheers to a positive surprise for Baidu's quarterly earnings...then the fun begins after a year of agony. Have a great 4th of July.

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