Bought Bidu In The Premarket, Going Up Up Up!

Discussion in 'Chit Chat' started by blowingup2012, Apr 25, 2012.

  1. Bidu is right now the most oversold it has ever been in history. It is the #1 website in China. I have just purchased BIDU in the premarket and going to ride it up.

    Wish me luck!

  2. Bob111


    ok..good luck.
    keep in mind that today is FOMC @ 12:30,which could be a big mover. either up or down

    what's your plan anyway? stops,targets? or up straight to the moon?

    at what price did you bought?
  3. Doesnt matter, BIDU is going up.
  4. Bob111


    looks like market may dip from open
  5. BIDU looks like it falling back to the bottom of a Trading Range to me.
    High Down Volume on a Strong Up Day in the Market? Not good.
    It's collapsed below the 200 day MA as well.
    Good luck of course. But I'd sell it if I were you.
  6. Bob111


    hard to judge without given timeframe or clear objective. maybe he is out already and happy with 2% run up from open. who knows? :confused:
  7. Very true. I hope that's what he did.
    But he did mention something like, "gonna ride it up, because it's really oversold", etc.
  8. Still long BIDU, still short AAPL, still long DANG. Going to show you guys how its done. 100% up room to go.

  9. Hope you make some $.
    But you're fighting the Trends in all 3 of those positions, which lowers your probability of success quite a bit.
    Don't forget: The Trend is Your Friend!
  10. Oh yeah and what is exactly the "trend" in those stocks?
    #10     Apr 25, 2012