Stopped out @ 624 for a small quick gain of 20 points ... will look for another opportunity to short. New support appeared at 603 level ... will watch carefully.
Even with the massive backward looking p/e of 100x, still hard to short the best opportunistic market @ 22b market cap...
Looking for p/e to come in to less than 100x after report ... BEIJING, April 20 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq:BIDU - News), the leading Chinese language Internet search provider, today announced that it will report its financial results for the first quarter ended March 31, 2010, after the U.S. market closes on April 28, 2010. Baidu's management will hold an earnings conference call at 8:00 PM on April 28, 2010 U.S. Eastern Time (8:00 AM on April 29, 2010 Beijing/Hong Kong time).