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Baidu, Inc. Message Board

  • KIMI1234 KIMI1234 Oct 29, 2009 12:33 PM Flag

    Plain fact is BIDU missed estimates and earnings

    projections are horrible well into 2010. Market will sell off into November and early December and BIDU will drop below 300 which would probably still be expensive. Still amazed they can prop it up. Last chance to get out for longs before they get trapped. Still you guys will wait till there is no way out before realizing you should have sold.

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    • There are too many powerhouse positioning long into the earnings. These are smart, rich and powerful people with much cash to burn and manipulate. They will try to lift BIDU up to salvage their long positions in the following 5 to 10 days. I think no matter how hard they try, BIDU can't get to $410, nonetheless the price before the earnings. If you long BIDU, try to get the best price and exit with them.

      There will be an end-of-year rally. But BIDU won't participate just because they have announced a crappy quarter to come. Take the money and buy AAPL, AMZN and GOOG on the next dip.

    • you are early

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