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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 (1670)	2/5/2013 9:58:38 AM
From: The Ox	Read Replies (1) of 2098

Good question but I think if you look at a 2 year chart, you can see a solid pattern, where this discipline would function very well. You do not need to pick bottoms but it's best to get the stock after a 40-60 point drop. Then wait until the stock is in a up pattern, roughly 8 to 10 points worth, then only stay on board for another 15 to 30 points (maybe less in the future). The latest example was to buy around mid 90s and sell above 110. Not an exact science but the patterns are there and playable....imo. No promises that the future will be the same but the extreme movements in the stock allow for picking your spots, much more so than buy and hold!!

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