Bidu about to tank down below $80

Quote from Rearden Metal:

Me too, and this trade was going really well at first.

VNDA exemplifies why I've been slumping so hard lately. It just feels like there's SOOO much smart money out there, going after the same intra-day plays as you & I do. Every trade these days feels so overcrowded, it's a night-to-day difference from the market of just a few months ago. Frustrating as hell.
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well, thx gawd am not alone in feelin' this way. innit amazin' how things just stay flat for ages and suddently take off without a chance of lettin' u in. these plays are kool if u keep buyin' the highs...i waited for this pos to go down and bang collapsed on me in seconds...wtf.
 
Quote from TorontoTrader2:

BIDU up almost $3 afterhours now. What's up? I checked earnings sked, don't see anything close to them.

It's actual trades, not bad ticks :p


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Smells like an FU coming from the hedgie trader... they love to bait ppl.. bet it gaps down at the open. :p
 
Quote from taleb31:

I did :D Got out too early though.

Got some CRM before the close, too. :D
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None of my shorts are performing. :(

I happened to buy some 35/40/45 butterfly call spreads on the crm before close last night. It looks like those worked. If we close at 40 on friday, then sell off hard Monday, then I'm very happy.
 
Is it just me, or are TA charts screaming short ?? This is characteristic of many of the long term charts I'm looking at today.
 

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Quote from dtrader98:

Is it just me, or are TA charts screaming short ?? This is characteristic of many of the long term charts I'm looking at today.
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Not this weekly chart, in my opinion! But if the market overall turns sour I suppose it could pull back on the daily chart.


We should rename this www.eliteBIDUtrader.com :D
 

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agree with you there. Would expect it to pull back to the handle base on the weekly,however, considering how it's slamming into the top rail on daily channel.
 
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