Markets are going up.....BIDU consolidating will make up ground. Will be over 52 week highs by the end of the year. Perhaps there is money to be earned in trading the rips and pullbacks between now and then but I'll leave that for the pros.
I didn't think the current pullback would take it back 2 levels of support but it did.....it was quick and I knew it would be (of course I thought it was going to be at 155ish). But I stand by what I said here, the smart money was buying today going into the end of the year.
Well, if you have a 20 target on it....why is the fact that it is at 17 questionable? Go back and read some of my posts from about the beginning of the summer or spring and you will get my reasons. It all has to do with WFT gaining trust. This company can have a 20B CAP if they execute over the next couple years....well, execute and the market doesn't crash.
and you come here saying this b/c you wish you had bought when most of us did......about 30 pts ago. Sorry
FOR SURE!!! If I thought there would be volume at 150/sh I'd have sold on earnings. Of course, I'm not all together to concerned about the pullback because it is justified after the rip the stock has been on, but I did think the momentum would make it further overshoot to the upside. That said, I like the base that is being formed in the 150s and I do think that the stock ends the year higher than the current highs. To those 'traders' who made out on the pullback, congrats....no skin off my back.....not in this position anyway. GL, B
I disagree with the 150 low (I don't know what you mean by +, + what?) I think this AMs gap closes and a new level of support is born there....perhaps a VERY QUICK UNDER SHOOT to 155/sh but I think it would be a gift at 155. I expect to see volume through the 160s next week with new highs going into mid-Nov. This isn't done.
You gotta expect there to be profit taking....this is actually a pretty good technical occurrence too. There is quite a bit of volume in the 160 range. I think the stock is setting up support levels in and around this range though it will be easier to see the exact level in a couple days. I expect those who are negative will call me 'a dreamer' again but all I have to say is look back at the last 6 months of my posts in BIDU. I don't get it correct all the time but I have been pretty spot on with this position. I think that it has been sort of easy to see too. I like that the gap has been all but closed as well....I don't like LONG SIDE gaps that stay wide open. They have a way of closing, as do short side gaps down. Well, time will tell the truth.... GL, B
I disagree, sure there will be some profit taking but on a technical basis the stock is breaking out above its all time highs. Start thinking Fib. #s and you can do the math as to how far it could run.....
I'll tell you want....I may have undershot my call of 200 by March '14. These charts make it seem very possible that 230-240 may be possible over the next couple of Qs. The market isn't going be go easy on those who want to get back in on this story. Mark it.....
Furthermore.....you don't look back at growth. Growth is forward looking when it comes to investing. Otherwise it would be called 'Grown', and I think you eventually will if you are buying QIHU in the nosebleed section.
You may want to check your facts about that growth rate.....unless something has changed, we still look at FORWARD growth and not BACK at the past. This is a lesson that QIHU owners got a taste of this past week or so. While I won't say that QIHU is not going to go up, it looks very close to being priced for all the future growth it has going its way. I do think it goes to 100/sh on the current momentum that has been sparked by BIDU but from the nose bleed section that would be a 50ish FPE on it......hey, that's why it's a market though. I'll take boring old BIDU, hence why I'm on the BIDU board.
He won't answer you b/c he can't....If you get bored look back about a year and you will read a conversation he and I had about the same topic. I gave him example after example of Executive Comp. that made CLNE Corp. Comp. look down right cheap. The bottom line is that 'teach' thinks until the company is profitable that nobody should get paid.....apparently this is how it is done with companies worth investing in. He doesn't get that it takes money to keep good leadership. GL, B
is that a post split price you're throwing around? Let's take it one day at a time. I personally have more confidence in you that you'll cover in the 170s.....