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Baidu, Inc. Message Board

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  • bluelayersof bluelayersof Dec 1, 2011 10:23 AM Flag

    Profit Taking

    What do you mean by a correction? Turning red?

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    • If you noticed at about 0800 hrs. It was up $1.80 and about 0900 hrs. It had turn south - .7 i expected some profit taking considering it has rallied over $10 in the past few days. i think the big players manipulated this stock on a huge sell off creating a massive sell off making bidu drop like a bomb in the 5 negative days in the market. i find it hard to believe that traders will fall for a repeat in this head game created by the wealthy and to benefit the wealthy. they sold of in the $139 range creating panic and a massive sell off, a lot of traders panic and sold off their holdings at a lost only to benefit the big players now picking up millions of shares at discount prices. Baidu has been rated a buy with a target price of $200, regardless how i feel about baidu i believe that to be steep in this market, $168 to $175 more realistic.

 
BIDU
173.49-0.36(-0.21%)Aug 23 4:00 PMEDT