Baidu (BIDU)

Baidu (BIDU)

Postby winston » Sun Sep 20, 2009 9:01 am

SPECULATION IS NOT DEAD!

"Risk be damned... just give me a good story." That's our theme for Chart of the Week.

Back in 2007, we used shares of China's largest air carrier, China Southern Airlines (ZNH), to gauge the speculative frenzy in Chinese shares. As we predicted, the stock was destroyed when the China bubble popped. This week, we introduce a new poster child for China speculation: Baidu (BIDU).

Baidu has a wonderful growth story. It controls a giant share of the Chinese search engine market – you could call it the "Google of China." This makes it a favorite among "hot money" speculators.

Baidu suffered a terrific fall in 2008, declining from $373 to $104. But as you can see from this week's chart, the stock is soaring right now... and is closing in on its 2007 bubble peak. We're back to "risk be damned... just give me a good story."

– Brian Hunt, Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Baidu (BIDU).

Postby iam802 » Sun Jul 04, 2010 11:08 pm

Baidu has a very good setup for the short with its Friday close.

On the Daily Chart, we have confirmation that the Tenkan sen has crossed the Kijun sen and the price closes below the kumo support.

Granted, Friday market is very low on volume due to the July 4 holiday.

The other thing to note is the long tail on Thursday’s candle which may suggest a reversal.

If it bounces and fail to clear $72, it will be a good time to short from there.

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1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Baidu (BIDU).

Postby kennynah » Wed Jul 07, 2010 3:36 pm

so...did you go Short? bidu closed at $67.45 yesterday
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Re: Baidu (BIDU).

Postby iam802 » Wed Jul 07, 2010 5:09 pm

Yes. Shorted.

Let' see how it goes. Yesterday's price range wasn't that great.

If it reverse I will be ready to get out.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Baidu (BIDU).

Postby kennynah » Wed Jul 07, 2010 6:38 pm

congrats lah !!! swee swee bo zao zui :mrgreen:
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Re: Baidu (BIDU).

Postby winston » Fri Jul 09, 2010 9:20 pm

Down another 5%. Google's Chinese License has been renewed.

Google Says China Has Renewed Its Operating Licence
Google said Friday that its licence to operate in China, the world’s largest Internet market, has been renewed.
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Re: Baidu (BIDU).

Postby iam802 » Fri Jul 09, 2010 10:19 pm

negative cash issues also
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Baidu (BIDU)

Postby winston » Fri Oct 22, 2010 8:13 am

Baidu Announces Third Quarter 2010 Results

BEIJING, Oct 21, 2010 /PRNewswire via COMTEX/ --

Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited financial results for the third quarter ended September 30, 2010.


Third Quarter 2010 Highlights

Total revenues in the third quarter of 2010 were RMB2.256 billion ($337.2 million), a 76.4% increase from the corresponding period in 2009.

Operating profit in the third quarter of 2010 was RMB1.181 billion ($176.6 million), a 126.6% increase from the corresponding period in 2009.

Net income in the third quarter of 2010 was RMB1.047 billion ($156.4 million), a 112.4% increase from the corresponding period in 2009.

Diluted earnings per ADS for the third quarter of 2010 were RMB3.00 ($0.45); diluted earnings per ADS excluding share-based compensation expenses (non-GAAP) for the third quarter of 2010 were RMB3.07 ($0.46).


http://ir.baidu.com/phoenix.zhtml?c=188 ... highlight=
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Re: Baidu (BIDU)

Postby winston » Fri Oct 22, 2010 8:43 am

Betting on Baidu: China Watch
Wed 10/20/10

NEW YORK (TheStreet) -- Scott Redler, chief strategic officer at T3Live.com, breaks down how both shareholders and investors looking to initiate a position in Baidu can play the stock ahead of earnings.

http://www.thestreet.com/_yahoo/video/1 ... 2161679001
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Re: Baidu (BIDU)

Postby winston » Fri Oct 22, 2010 9:20 am

The spread on BIDU in the SGX is better at just US$0.08 rather than US$1 for Ctrip.
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