BIDU Beats on Top, Bottom and Guidance...
Posted on July 23, 2012 at 18:51 PM EDT
From Wolf on Wall Street 10 years ago I would have looked at BIDU as a perfect short right here, instead I was able to short it nearly $40 higher, but the point is as I said several times today, "I like BIDU, if it's not earnings, it's something else". Taking a look at the chart alone from a textbook technical Analysis perspective, BIDU is a high probability short (today before earnings)
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