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!
Mmmm... two "dot coms" doing well in 1 evening, I just had a flashback to another century. I just have to ignore the valuations in both (another flashback to the late 90s) as they keep on producing.
Baidu.com (BIDU) first since we own it (we cut back going into earnings) - this name trades at a multiple of... err.. nevermind that.
Baidu.com Inc (BIDU), China's top search engine, said on Wednesday its quarterly profit rose 87 percent and forecast another surge in revenue, boosted by Internet traffic growth ahead from the Beijing Olympics.
Beijing-based Baidu posted a second-quarter profit of 2
Baidu's management will hold an earnings conference call at 8 PM on July 23, 2008 U.S. Eastern Time (8 AM on July 24, 2008 Beijing/Hong Kong time). Piper Jaffray analysts Gene Munster and Vivian Li, maintain their Buy rating and $430 price target. They said, "We expect Baidu to report slight upside to the Street's estimate of $112m in revenue, despite concerns over the China earthquake in May. From our conversation with four Baidu advertisers and two ad agencies, we believe Baidu's business remains robust given by :
Consistent addition of new customers as advertisers con
Baidu.com, Inc., through its subsidiaries, provides Chinese language Internet search services primarily in the People's Republic of China. The company offers a Chinese language search platform, which consists of Web sites and online application software; and Baidu Union, a network of third-party Web sites and software applications. It products include Baidu Web Search that allows users to locate information, products, and services using Chinese language search terms; Baidu Post Bar and Baidu Knows, which provides users with a query-based searchable community; and Baidu News that provides li...
I have to say I am mighty impressed by Apple (AAPL) and Baidu.com (BIDU). I cut these names Monday [Cutting the Strongest Tech] anticipating a tech stock breakdown. Many tech stocks have broken down - but these two have been really holding up. I don't want to really be "out" of them; I was just hoping for a pocket of serious weakness to add at far lower prices - that has not happened. So I am going to reverse part of my sales here and get some back - I still think there is more upside in other beaten down names but you have to respect such strength in a shoddy market. I had cut these t...
Until we see some panic selling, my purchases will be modest. But we will layer in as prices depress.
When last we visited Baidu.com (BIDU), it was up 36% in 5 weeks so I was selling @ $377 on May 7th [Bookkeeping: Cutting Most of 3 Positions on Huge Runs]. Usually we don't nail things that perfectly but essentially the top was in. I've been buying very small lots ($3K or so) in the $320s but here at $305 I'll make a bit larger buy, so we've retrieved our sold shares for a 19% discount in about 7 weeks. The stock is now at its 200 day moving average, a key support level. If this breaks,...
Baidu's (BIDU) valuation is reminiscent of the era circa 2000, just before the dotcom bubble popped.<!--more--> Do you recall analyst Henry Blodget’s (of Merrill Lynch fame) bold Yahoo (YHOO) price target of $425 when YHOO shares were near the $300 mark? It turned out to be a disastrous call, as YHOO’s share price subsequently plummeted by more than 95% to the $10 area.
Baidu.com, Inc (ADR) (BIDU) is the Chinese equivalent of Google Inc. (GOOG). The company not only offers a search engine for users to find relevant internet content, but also hosts a suite of products similar to Google’s offering of productivity, entertainment, communication, and information products. Most recently, Baidu has launched an instant message service and [...]
The Glam 5 Index has turned positive on the year, returning just over 5%.
Speculative growth leaders are running. The trading action of MasterCard (MA) and Sohu.com (SOHU) over the past sessions has been bullish, to say the least. Since inclusion in the index, their shares have returned 20% and 26% respectively.
Each has broken to new price highs on abnormally large volume. This action typifies what investors would expect of top growth companies during broad advances. Both companies have produced 25% plus EPS growth, 25% plus sales growth. Each has zero debt and 18% plus return on equity.
I think this might be the busiest day all month for our holdings''
earnings... <!--more-->before we get to that, first a quick note on the market.
S&P1400 remains a ceiling we need to get above to get fully bullish.S&P 1350 is the floor; below that we turn into bears. So in between(where we are now) we are a bit ambivalent, and for now remain rangebound as we have been for a while. The market does continue to shrugoff bad news so it would appear up is the more approximate short termdirection, especially if we get this "rotation" I spoke about - theleadership in this market has been so narro
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