BIDU has a pre-ER run today. I think this is quite predictable as speculators come on board to bet for the volatility around this ER. GOOG's ER definitely has some influence on BIDU as people are expecting a good ER from BIDU too. For DTders, it is not hard to spot this one if it is on their watch list.
SINA has a high correlation with BIDU, so I checked SINA too. From the intraday chart, the turn around signal at $32.05 is quite clear. However, SINA lost the momentum in the afternoon. I have been watching SINA for a while trying to find an entry point for swing trade. I am not convinced as a buyer for SINA at its closing price of $32.34 since the downtrend seems in place for this one.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment