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Technology Stocks : Baidu (BIDU) -- Ignore unavailable to you. Want to Upgrade?

To: Lahcim Leinad who wrote (1631)	4/24/2012 5:06:18 PM
From: The Ox	Read Replies (1) \| Respond to of 2098

I did ok nailing the AAPL turn this afternoon but, like you, I stepped aside before earnings on both stocks. Much safer that way. No risk, no reward. The weakness in both stocks was interesting and shows just how much things can change during earnings. BIDU was down 11% in the last 7 days. AAPL fell over 8%. AAPL up $48 since today's low and BIDU down another $14 on top of the earlier $3. Had I held onto both positions, I would be down over $1K as the BIDU tank would offset the AAPL gain. Live to fight another day, is my motto!! It will be interesting to see what BIDU has to say on their conference call. At a quick glance, earnings didn't look that bad and the midpoint of revenue guidance for next quarter wasn't great but this reaction implies it stunk to high heaven. Overall, the earnings didn't look that bad to me but what do i know? We'll see what tomorrow brings!