BIDU Baidu: Broken the psychological barrier

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	David Sachdev
	Washington, DC User since Dec 2009	38
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Broken the psychological barrier

Don't have time to do a in-depth write up....but I finally got into BIDU last week (I think around 93, I'll have to check) with a few shares. I think that now that we hav broken the 100 mark, we will see a move towards 120.

I expected to see BIDU go down a bit a few months ago...and I had to admit I was wrong. I'm going with the flow on this one, and don't have a lot of money committed, but....jumping on the bandwagon.

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What People Are Saying...

David Sachdev said at 10/22/10 1:49 PM Price action was $108.18 5.70 (+5.6%)

I bought 50 shares on Monday at around $100 on Monday to play earnings. I was hoping for closer to a 20% move up on the stock given what options were indicating.

Now to decide whether to hold those, or to get out. I think BIDU will go up in the short to medium term given new analyst calls - but I need to free up some money for other things. Either here, or from another holding.

Decisions....decisions.

David Sachdev said at 10/29/10 5:07 PM Price action was $110.01 -2.16 (-1.9%)

My BIDU stop loss kicked in today and sold at 110, so going to close the coverage to mimic that.

David Sachdev said at 12/16/10 9:54 AM Price action was $98.90 -1.30 (-1.3%)

Getting close to the time to buy and cover Baidu again!