Thales622's  Instablog

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Been investing in my spare time for several years.
  • Baidu short interest 0 comments
    Oct 1, 2010 8:48 AM | about stocks: BIDU

    This article suggests the rally in Baidu (amongst others) is about to reverse because of an increase in short interest:

    I plotted the short interest against the share price for the last 12 months and it doesn't look like there has been much of a correlation so far.

    I speculate the increase in short interest might be due to the fact we are approaching 1150 in the S&P which is a key level rather than anything about this stock in particular.

    (The price looks like its approaching 1000 because I adjusted for the recent split.
    Short interest data from Nasdaq, monthly prices from Yahoo).

    Disclosure: Long BIDU

    Stocks: BIDU
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