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18 pts

Opinion on  Baiducom Inc ADS (BIDU)     Sector: Technology  >  Industry: Computer Services
Supertradetimer.com: Maintain Negative Signals on BIDU...

Aug 18, 2008 05:24 PM UTC

We have been negative on BIDU since the $315 - $320 area at Supertradetimer.com. Our short, medium and long-term signals are negative. With Google near the $500 support level again, we expect BIDU to test the $300 soon, with $280 being the next major test level.

We'll have more tonight in our evening newsletter!

Try our free 2 week trial on now,

STT

 

 

 


Update 08/20:

We re-iterate our negative call on Baidu (BIDU) in the $320 area. We think the bounce back to the $320 area in light of Google's (GOOG) weakness is a gift!

BIDU is up in a negative market, on little or no news on very low volume.

We look at this as a great risk reward.

Supertradetimer.com

 


Update 08/26:

Take our 2 week free trial on now!


Update 08/26:

Reiterate as a sell, details in tonight's newsletter, STT


BIDU:  This call was made on 08/18/08 @ $306.85001
Rating:   Negative   $306.85001 (08/18/08)
Closed:   09/03/2008 @ $295.5 (+3.70% in 16 days)
Target:   $280.00 (-8.75%) in Three months


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Supertradetimer Team   79%     1 point   commented 141 days ago reply

We think that the $320 area is a great entry point for negative positions on BIDU,

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Supertradetimer Team previously rated BIDU
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