Friday, October 21, 2005


I have been bullish on ever since its IPO. But, at least so far, I have been wrong about its price trend even though BIDU is now trading at 2 1/2 times its IPO price of 27.

Above you will see a daily chart of BIDU on which I have drawn some divisions of its historical range from 60 to 154.

I think BIDU is about to rally with the rest of the market. My minimum expectation is the 1/2 point of its range around 105. However, if enthusiasm builds as is likely during a general stock market advance, a move to 132 or so would be more likely.

1 comment:

Anonymous said...

do you have any opinion on BOT? it is like CME? any price target?