first level of resistance surpassed on to 84.88
I believe I predicted today's trend with great accuracy. I guess differing views is what creates a market.
Volume good. Expect today's close to be between 84.20-84.70
This is more than likely the last chance to buy below $84 prior to earnings. #$%$ shoot for those with $87.5 calls expiring this wk.
It's my belief that if the bottom was going to fall out on Baidu, today would have been the day. Chinese indexes got hammered last night and the bird flu scare created much Chinese uncertainty over the weekend. To start the day US indexes were red yet Baidu was green. Also, The Street met with Baidu last month and remains bullish on the stock and has stuck to their guns on their 120+ price target. I believe the stock will run up to earnings.... If you're short it's time to cover. If you're on the sidelines it's time to buy.
PS - 84.32 resistance surpassed by EOD.
or Chinese chicken if you prefer.
here we go.... go read the street's press release. The analyst's met with baidu brass in March and remain bullish on the stock. They have reiterated their buy rating with a 120 plus estimate. All the clowns in here can go eat crow.
It should be a nice day for Bidu tmrw. The stock is way oversold and the downward trend should reverse as we move towards ER. Also, Nomura met with Baidu brass in March and they remain bullish. After the meeting they reiterated a buy rating. No question China equities have been squeezed bit Baidu is so overdone it's silly. Those who hold should do well in the short, intermediate and long term.
This is a pretty big deal
the bed bugs will start fleeing for the doors....technicals have turned.
I expect the stock to break $90 this week and to land between $94-95 next week. The technical have turned and a bottom has been established. Any good news good accelerate momentum. This stock is clearly on sale and volume should start to pickup as shorts cover and longs enter as the uptrend continues.
Paid clicks have gone down significantly.
Baidu doesn't have the volume or technicals to hold a breakout.
Looks like Baidu will go lower. Could go below $80 before it reverses course. Those with patience and who can hold will do well in the long term.
The low volume over the past few days is a good indicator that the stock has bottomed and is ready to retrace. People are no longer dumping the stock in fear. However, there has been no substantiative news on the company in recent days thus the buyers have not flooded in. My prediction is soon the stock will experience a short squeeze which will pop the value. Shortly after the short squeeze hopefully a positive earnings report will propel the stock into a sustainable growth curve. I expect the coming days for Baidu shareholders to be an exciting time. Those who bought in this oversold panic should be well rewarded.
The short squeeze is coming. Baidu seems to have bottomed. I view today's volume as a good sign. These two factors should pull the shorts out of hiding and propel the stock to a nice stepup. If you are long your patience should soon payoff.
Demark predicts china rally to resume.... This should mean good things in the days ahead for Baidu
With huge volume today and an RPI of 29 The shorts should be running for the doors. I'd bet 10 to 1 that tmrw pops bidu to a significant gain.