Edit Metric
|
||||||||||||||||||||
Details
|
||||||||||||||
Baidu.com (BIDU)Stock (Internet Advertisers Industry, Internet Industry)
< Return to Bulls page
Big things expected from BIDUThis stock is a premier trading vehicle in a major bullish trend. Simple inspection will show the stock is a strong performer in up, neutral, and mild to moderate down markets. In a persistent down market (e.g., 17Dec2007 following the selloff on 14Dec2007), the stock can sell off sharply, but such occasions can be used as entry points for long positions, certainly for the strong of heart A sophisticated, proprietary quantitative analysis, as of the Dec 14 close suggests a strong likelihood this stock will go up to at least 425 over coming weeks, quite a good likelihood the stock will at least touch somewhere around 475, and a decent likelihood it will go over 500 From this perspective, use selloffs to average down. The stock can also be profitably traded from the short side within the context of a weakening market, but this is a more complex art form. As of this writing, the author and related accounts have a long position in BIDU. --RichSOB 15:18, December 17, 2007 (PST) |
The Shelf
|
Edit
History