Sunday, September 26, 2010

Going Parabolic: BIDU (market leader)

Disclosure: Last week I bought (and still own) a few BIDU October $85 puts but it was a really dumb idea. BIDU decided to make a sprint for par ($100) last week and hasn't looked back since. The breakout and rally in BIDU strongly supports the thesis that we are still in a huge bull market. So its pretty silly to try and short it despite how much BIDU is up in the past two years.

1 comment:

The Money Paradise said...

amazing. Such a nice use of geometry. Your analysis chart is good. it shows that this stock in good bet for the money. for some time it will do good in market.
right buy by you.