Im in March 440 puts. will add if it has a big red day next week. thoughts? i was just wondering how people are playing this stock. Its a total pump job, its within dollars of what Google is trading for currently, and isnt 1/100th of the company google is.
It is also showing a classic Ewave ED pattern and narrowing channel up top. Its got over $60 in unfilled gaps since its run up from $406.
WOW...I think you are the moron here. I just made a post about a stock, no need to be a dickhead. I got march 440 puts for 7.8 a contract. BTW BIDU was not down today, it ended up, i bought at close. You must be a retard, these same puts were trading for $10+ on wednesday. The market may have been down to open, but BIDU's volatility was down today also.
This is just like Taser and Crox when they were hot. Shorts thought they were overpriced and about to fall, just saw them double, triple then quadruple!
Then when shorts are all out, TASR and CROX lost 95% of their share values. But now there are still too many people shorting BIDU, so it could easily go to $1000, $1500 then $2000! When bears are all quiet, then you can short!
You're talking a different market and a different time. The money to invest (let alone live) is drying up fast. For reasons further out companies like goog and bidu will come under increasing government control. But for now, all we're seeing are 'lotto' types buying a BIDU ticket hoping to hit it big. I think we can all agree that China has hooked its wagon to the American consumer. That's not going to work out so well in 2010. JKP