Thursday, 24 February 2011

Stock Buy: BIDU

I initiated a long position in Baidu today going long at 117.55. It was not a great entry but looking for the longer term bounce as this does seem very bullish and the 5 day decline I believe has presented a good opportunity. Support is in the 110 area so if this breaks then I will be looking to bail.

Entry: 117.55
Target: 140
Stop: 108

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