BIDU...due for a downward correction?

Discussion in 'Stocks' started by blast19, Jan 6, 2007.

  1. Just that gap at 114 staring you in the eye lol
     
    #21     Jan 25, 2007
  2. I wonder if they will run it up into earnings in mid Feb.
     
    #22     Jan 31, 2007
  3. blast19

    blast19

    Can only hope..it's been showing a lack of strength in my opinion lately. I'd not bet against it now or immediately before earnings...but if earnings aren't great it's a great looking short opportunity.
     
    #23     Jan 31, 2007
  4. Geez it's down 3.5% today. The only red stock on my watch list.
     
    #24     Feb 1, 2007
  5. blast19

    blast19

    NOW NOW NOW....I think now is the time to short it. I could be wrong as usual but I bought some Puts today without a worry.

    The stock is very weak and Piper came out today saying that they think the quarter will be fairly flat and that guidance will be lowered.

    Also, we all know what Google's blow away earnings did for them...not much. Even if BIDU does surprise which it could I'm happy thinking it won't get much more than a short term bounce....the correction seems to finally be written in. Could correct to under $100 in the next month or so...I'm happy with this short(actually PUTS.)
     
    #25     Feb 13, 2007