I usually hold stocks for years, I was given BIDU for my 30th birthday @ an average of 111.40 per share. The truble is unlike banks and industrial, techs drives mr crazy and give me a lead lump in my stomach. Would you really dump it and take a loss or wait a few days for it recover a few percent?
wont recover soon. No catalyst. Both Robin and Jennifer declined to discuss mobile when prompted by questioners on several occasions during the call. Obviously they have not figured it out yet. meanwhile, expenses are rising fast. toxic combo. I wish BIDU well, but if you are long the best you can hope for is that, like GOOG and FB, they will eventually "get" mobile. For now, short with tight stops is the way to go.
Thank you..... BIDU and AAPL is burning me, I don't trade technology and everytime I get some it goes right down. I guess the risk is not for me. I will make my money back with CBI.
I am tempted to hold a small position and forget about it for a few years.