Interesting competition between Chinese web searchs. Penetration - BIDU 80% - QIHU 20 %.
Comments
Razvan
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Followed.
Trade Storm
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Yes, it can happen. I'll consider buying BIDU around, 115 usd per share. That for me would mean short-term trend reversal. Regarding QIHU ... I see it as a long in future. I'm beginning to study the Chinese Internet market. Personally, I think that the number of Internet users will grow despite the economic downturn.
Razvan
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on the weekly chart it is a diamond formation that has a price target aroung 80/share (BIDU) that is why i said about falling under 100. Nice view though over the Chinese internet market...keep your charts updated:)
Razvan
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Agreed.
Razvan
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interesting....but what do you think, it will come back?...i believe that we will see BIDU under 100 level