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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4624)3/5/2009 11:22:45 AM
From: RockyBalboa  Respond to of 6370
 
Looking at old notes from a quarter ago:

Here is the result of not committing real risk capital to a good idea. And to mix it with a bad idea:

Message 25191562

The Baidu idea was excellent from the timing and really good from the price. The only problem was the stop which killed the position.

Trying to buy C was an outright bad idea (for the long term).

BIDU up 50% to $164
C down 80% to $0.99

Citigroup upgraded BIDU today. What an irony.


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