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Monday, July 14, 2008

Be More Cautious on Shorting Baidu(BIDU)

As I said last week, Bidu's rebound was just a little contraction, see.

Today, Bidu has broken out of the lower bollinger band and should be considered oversold when it's below the lower band. We will see the stock will be more volatile ahead Google's Earning on the next Thursday.





Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

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