There are 2 big negative news since Friday close.
#1) Google is not leaving as indicated before. They are not going to take an hasty decision on this. Looks like GOOG will stay put.
#2) CTO is also leaving and dealt big body blow to Baidu.
I am thinking it will drop 40 to 60 dollars but may be more.
Let us take a poll and let us know what you think.
Also GOOD may not leave, but the damage has been done. News reports mention BIDU sales reps calling Google advertisers and coming back very happy. If you were an advertiser,would you be paying a company that has threatened to pull out of the market? It's like paying Tiger Woods or Conan O'Brien for an endorsement deal - they may say they'll stick around for awhile, but their value is over.
This may be a double positive for Google if it works out with the chinese government. The whole world will know they will never leave so the baidu vendors might start piling on Google for their ads..
ahhh the shorts come out. YES bidu will drop.. it has to..
it will be amazing to see the recovery.
so many money managers missed..now the little shorts get out the quick day traders who folowed it up...
u will know the future by how it revovers
The shorts never went away I don't think. I sure don't see many longs here after the CTO news.
Surely you trade on both up and down moves don't you? It's the way to make money with BIDU...I promise :-)
And what is a revovers?
The CTO resignation is huge:
The timing of this departure is also suspect. If there are good things happening at a company, they usually announce high level appointments, not resignations.
I can only conclude that there's a huge amount of uncertainty out there. And the stock has been UP the past 3 consecutive days, a total of $85?