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Baidu, Inc. Message Board

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  • reneew97 reneew97 Apr 3, 2008 11:41 PM Flag

    on a one year chart

    It's hard to say. The chart looks tricky but just plain common sense points down for tomorrow, probably for the whole market. Look out for any real red because once the market gets some steam in the red direction there will be profit taking. there is little trust left in upward movement and if you had to ask me I would say this is a suckers rally. I watched BIDU on Level II all day and there was few institutional buyers.

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    • Its a new quarter. It is earnings season and things have been better than expected. RIMM had piss poor subscriber guidance and they still ran it up today. Garmin warned and barely sold off.

      If you ask me it was a suckers sell off last quarter and now everyone that bought and held the dips is getting paid handsomely.

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