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Technology Stocks : Baidu (BIDU)
BIDU 123.82+2.8%Dec 19 9:30 AM EST
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To: ChinuSFO who wrote (1609)2/22/2012 3:14:26 PM
From: The Ox  Read Replies (2) of 2098
 
Keep in mind that most of the press releases (which I read) that discussed BIDU's report included a line similar to this "sequential decline in next quarter's revenues". They all failed to mention that this happened last year at this time. Its a seasonal drop. Anyway, the average "trader/lemmings" out there rushed to hit the sell button first and asked questions later, Sell-On-News. Nothing new.

This situation occurred at this time last year. A very hard 2 day sell off at earnings then a slow steady rise from 113 area to the 150s.

FWIW,

jmo

TO
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