Thursday, May 09, 2013 9:16:13 AM
BIDU ~ Last triple top setup like this I saw was on $NFLX at $66 ~~ We saw how that worked out right? Same type of story. Beaten down stock, just off of multi-year lows. Analysts downgrading on the way down. Last downgrade was Maxim to $75... think that marked the bottom. Anyone following me in chat/audio/stocktwits knows I think BIDU is a POS or at least lost its glory. I wrote about it in the fall while most everyone was still bullish. Then it lost 100 and went to $84... Think we reverse now on the acquisition news and competition worries turn into growth possibilities :
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