BillW

Baidu May Test August Lows

What are you smoking??? During the worse months in Jan and Feb, the stock had basic support at $245. We are going to be trading as usual between $240 and $260. Last weeks drop was due to mm manipulation for options expiration. We will see $300+++ by Olympics. Dont forget all the money on the sidelines... I dont see any near term trends taking this to $160. BTW, Forward PE of 37 is extremely reasonable for this Hyper Growth Stock.