I took some $BIDU on the short side as the stock heads right into resistance.If the market weakens here, this one should do well. If you put some weight behind the trade, use a stop w/ a close above the 50 day MA.
Joined Jan 27, 2008
7,406 Blog Posts
i was a bidu junky for 4 yrs, i’m in bidu therapy now. i must say though,that since it split,its behavior has become pretty much the channeling type, one week goes up 7, the next come down 4, next goes up 3, etc. etc. over and over again as it seesaws slightly higher.on your chart between dec 13 and now looks like a nice cup, either way it goes will be interesting. bidu just doesnt move in the 10-15 or so pt moves like it used to.it plays too much