Financial Reality For Those Who Can Handle the Truth
BIDU is sliding following negative comments from Piper. they believe the company will lower guidance to flat to 5% sequential growth. The present expectation is for 12% growth. OUCH.
Given the run-up BIDU has had over the past year (almost 3x), I would expect more than a 3% drop on this news.I'm going to start with some puts here and add BIDU to my leaders-up-leaders-down list of those with significant downside potential if the market turns (ICE, RIMM, AAPL, AKAM)...one or more of whom may soon look like SNDK and GROW.
Bill, Bidu reports tomorrow... looks like a good setup. charts measure 110 as lower price channel limit.. then down to $103.nasdaq's lack of participation in the "rally", which is really a AA and GM rise in the Dow isn't so encouraging.
Where is the news about this comment by Piper? Seems like a good scoop , I can't find it anywhere else!
from my well placed sources privvy to the flow of analyst comments. we've got to balance the scales somewhow from from the intelligencia.
Howdy,I have been waiting for this news to be out since yesterday, but now I doubt it would ever come out, considering earnings announcement is this evening. Not much time left.Mind you, I am overall in agreement with buying puts for Baidu and that it is overvalued..
hi.. the guidance that Piper was referring to will be out tonight. We'll see if Piper is right. I'm cynical, though... these companies can play around with these numbers six ways to Monday to dress things up. it will be interesting.
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