Baidu.com (BIDU) will have its price set today.......Google has a position in this one ...Guys from what I have read best buying opportunity is the FIRST pullback after the opening.......GOOD LUCK!
Enter The Dragon (BIDU)
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Originally posted by Peter HansenBaidu.com (BIDU) will have its price set today.......Google has a position in this one ...Guys from what I have read best buying opportunity is the FIRST pullback after the opening.......GOOD LUCK!"Trade What Is Happening...Not What You Think Is Gonna Happen"
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keep Your Eye On The Ball!
Well Baidu performed according to plan, unfortunately for me I was called away from my computer, and missed the whole enchilada . The pattern of a "HOT" IPO is so predictable it is ridiculous. A HOT IPO is one that is heavily touted in the media as Baidu (BIDU) was before its debut! Baidu opened at approximately 78 shortly before noon , rose briefly to approximately 82 and then like clock work dropped to a low of about 65. You must be ready with your finger on the mouse to place your market order within a span of minutes. Your trigger will be when the stock first starts to rise. It then began to rise to about 98 within a span of less than an hour. The key generally is to SELL as the price begins to decline. If you bailed out at 98 you would have had a 33 point gain. For those that held , which is not always the wise course of action, the stock closed at 122. Oh well .....there is always a another bus coming but these "Express" buses only come a few times during the year! The reason for the initial big drop is that the BIG BOYS got the stock for about 27 and when it opened at about 78 that sell immedaitely for a 51 point sure gain. Why take a chance and see what the unknown will bring? .....Take the MONEY and RUN! If anyone knows of another HOT IPO debut.....please inform us .....thank you!
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