Dipped below $135.70 and closed above. A sign of some strength. I'm already Long. Lets see this make another push. Blue line is my risk (on closing basis).
You are long Baidu at 135 so after this pull back do you think will go back shortly to 135 ? what's your take ?
cghursh
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@PhilippeDelpCFA, Sorry for delayed response...just getting to this. I just updated my view of BIDU. It's to tell what will happen because of Coronavirus. This type of news trumps everything. All things equal, I think BIDU is higher and at some point Coronavirus will run it's course...how long I don't know...and things get back to normal. I wouldnt want to see BIDU close below $121 personally.
cghursh
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@PhilippeDelpCFA, Also, I am not long at the moment. I was stopped out the blue line as noted in my post Jan 21. I've been in/out of calls for much of this run.