Baidu (BIDU) – 04-29-2010
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.
Baidu (BIDU) – 02-22-2010
Baidu doesn’t need much company info since everyone that follows internet stuff already knows them well. BIDU has too crazy of a chart to try to mark up. The interesting thing is that the stock has exploded since the crash when it was at $100, but the P/E has been keeping pace. #1 on the IBD list now, it will probably become even more volatile in the near future. Good for swing trading or as a long term play at the right entry.