People Trading BIDU Also Traded…

Back in September 2007, I started periodically posting snapshots from the optionsXpress Trading Patterns feature and chose to highlight the highly speculative Chinese internet search firm, Baidu (BIDU), then trading at 299, as my guinea pig. Over the course of seven months, I twice updated what traders who traded BIDU were also trading at optionsXpress when BIDU was at 380 on 10/30/2007 and when it was at 350 on 4/22/2008.

I just captured the most recent Trading Patterns update, which shows traders who are trading BIDU (currently at 185) are still active in the most volatile names in agriculture, financials, shipping, solar, and casinos. The stocks on the top ten list: Potash (POT), Mosaic (MOS), Citigroup (C), JPMorgan Chase (JPM), Bank of America (BAC), DryShips (DRYS), First Solar (FSLR), and Las Vegas Sands (LVS). Also on the list are two ETFs, QQQQ and SPY. Either optionsXpress customers have been cleaning up on the short side or they are a little early to the bull party.

Comments

[relmor:]

Whats your point? Do you have one? So your saying, you picked on hugely overpriced stock, and decided to see what other stocks people who like over priced stocks buy? Sounds like they were late to the party to me. Now, if they buy all those stocks now, they are smart.

2008 Nov 16 12:30 PM

[applelypsenow:]

Anything is reasonable, even Apple going bankrupt considering the awful state of the US economy. The dollar may become worthless in a few years. 1 trillion in debt and growing. No ammount of stimulus is going to help us. I love Apple to death. Heck, I have more products of theirs than just about anyone I know. Reality will set in. I only hope I am wrong.

2008 Nov 22 09:46 PM