Baidu (BIDU) – 04-29-2010
April 29, 2010 at 7:56 pm · Filed Under Growth, Swing Trades
Yeah, I know, I talked about BIDU 2 months ago. A lot has changed since then. The stock went from $500 to $700, the P/E doubled, and the breakouts are getting weaker. I’m not going to call a collapse, but it’s one to keep an eye on with GOOG looking weak recently, people predicting a China real estate bubble popping, and the general market not giving me a whole lot of warm fuzzies right now. Don’t try to fade it, since stocks like this easily could run to $900 before they collapse, but a confirmed pullback could be a profitable thing on this one.
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