Chang- Saying a gap 3% below the current trade is going to close doesn't make you some guru....it makes you a person who likes stating the obvious. Furthermore, for you to say that you want to be on the side lines when the market is extremely bullish??? It's absurd. While I would agree that it isn't the best time to be buying stocks....you absolutely have to be in collecting the gains. As you get gains, sure you can fade your positions and raise cash to buy on some pullbacks, but to say it is wise to be on the side lines is nuts!!! The market has been extremely bullish the better part of the last 2 years......hope you haven't been on the sidelines the whole time.
While I agree that the price is going up b/c of the great report and aggresive growth strategy, the idea that couples can (and this isn't all couples, there are restrictions) have a second child won't touch growth for at least 7-8 years and that's saying that a 7 year old is surfing the net....but if you're REALLY LONG, you got some grow down the road.
Pardon me but you need to actually read or listen to the earnings because to say they 'missed' is lunacy. You sound like a former long who is bitter that you sold to early. As for your competition.....it's normal. Name a company out there that doesn't have competition and actually turns profits. As for QIHU, good luck to you....be careful!!! That stock is priced fairly for 2018, but for me....I'm looking to invest in the coming few years. If I'm gonna speculate it is going to be on a company whose PE hasn't blown up yet (like DDD when I bought it last spring....sadly I did sell too early but WOW, I'm not a fan of triple digit PEs).
Well, from my readings I think it is more a matter of plenty of room for both to grow. The big difference between the 2 that is BIDU is at the infancy of an entirely new revenue stream. They have dominance over search and when you combine that with their push to monetize mobile which is coming to fruition....PE expansion. The beauty is that they are still spending in efforts to have their hands in on the 'next big thing' after mobile revenue is realized. Also, the PE/stock price has consolidated over the last couple of years. Yes, the stock just ran from 90 to 160 but when you step back and look at the bigger picture (longer term charts), you see plainly that the stock/company has been consolidating the tremendous growth it realized over the previous couple years. It is an exciting time to be a long in BIDU....for the first time in a while.
funny yes......you gotta account for all those 1 time charges....the time will come because the potential is there though.
You may want to do a little more homework than look at the yahoo site. While I agree with your sentiment on this position....they only had an EPS of 1.43 in 2012 and 2013 about a buck. Heck, if you want to see something funny, go to the BIDU summary page and look at the 1 year projected price target.....
I think this could grow into a couple hundred Billion CAP company....why not? The 10 for 1 I could care less about but it being a 5 bagger....I agree, very possible.
If the support level that you are speaking of is the 20 day MA, which I can't for the life of me figure another one you are speaking of unless you are just making it up.....look what happened every other time the 20 day was breached over the last 20 points. I'll save you the time, it was breached even more than it is now 3 times since the share price was in the 72s....each time the stock ripped higher pulling the 20 day with it. It's no guarantee that it will happen again but why would anyone want to pull out of this market now? Believe me, I understand trimming your positions and having some cash ready....but it isn't time to fight the trend, not going into year's end with MMs chasing the averages for performance. Study your market history.
This company is going to go from negative earning to explosive earnings once the push for the station build out is complete. The key to remember is when is that going to happen.....the money will get in well before it happens but when that will be is tricky to time. I have had a position for a couple years that I have traded around but I see much higher prices in the next 5 years or so....I think this will become a 8-10B CAP company before it is all said and done. There is more to this story than just the filling stations too lets not forget. What this company stands for is the future in 'fuels' in general and the future will be here when the boomers step out of the way. They polluted the World (no fault of their own...tech. advances though their lifetime was so high paced it got away from them) but it will be those of us left 'holding the environmental bag' so to speak that will CLEAN it up.....companies like this will be the leaders too. GL all, B
and bottoms, and times of low confidence, and times of euphoria, and when there is a big seller, and a big buyer......what's your point? Uptrend is still intact....in fact we didn't even test the low end of the upward channel which inticates a 'much' higher low, which is BULLISH.
If think personally that the stock is going to test the February 2011 high at 26.25....it's going to take another quarter or 2 with the company continuing to show progress and with market conditions not changing to much to get this done though. I think by Spring this conversation will heat up....if it is sooner though that would be great.
I had a limit on it and it was bought today....54.60.....I left some on the table. I bought a long time ago and I am finally out today. I hope that the stock lets me back in but that isn't what usually happens to me. HON, DDD, MO, AKAM (well sort of 47.50), and FWLT. I am in pain with every single one of my sells.....my buys have also been good but I'm not sure that they were as good. GL all, B
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.