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Technology Stocks : Baidu (BIDU)
BIDU 123.82+2.8%Dec 19 9:30 AM EST
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To: manalagi who wrote (1657)9/21/2012 10:07:26 AM
From: The Ox1 Recommendation  Read Replies (1) of 2098
 
BIDU has been very weak lately, so be careful with it. Safety first.

However, this is the time of year for weakness in the stock and has been a great swing trade/medium term buying opportunity the past couple of years. Buying the weakness in Sept/Oct has translated into excellent gains in the last 3 of the 4 years and you could make a case for 4 out of 4 if you bought the short term drops in 2009 and 2010.

Not sure today's the day to play it, with options expiring but I was looking at the chart and the underlying fundies last night. Today's gap and crap is probably a good thing to stay away from and $110 is a nice "round" number for you options players.

Just thought I'd add my 2 cents here.....
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