Either that was a dive to let all the shorts out or we are going much lower. I'm more to the positive with a letting others in.
I wonder why people think 220’s is coming into play this week at this point no one knows anything. Overreaction says $250 this week
Fell yesterday at market open but reversing to upside from $226 level. If it crosses $235 then reversal from downside is confirmed.
Baidu is up over 5%. The stock has recovered from recent lows, which occurred because of tariff concerns spurred by recent political rhetoric between the US and China. Baidu, the largest Internet search engine in China, has transformed from a mobile-centric to an AI-focused (artificial intelligence) company. Baidu has a potential to achieve a breakthrough in AI-based apps or services, including autonomous driving. Baidu views itself as a tech company and has been actively investing in AI for many years.
Baidu shares are down 10% today. The company announced that Qi Lu, the COO, will resign effective July 2018. Qi Lu is apparently “no longer able to work in China” and he's leaving Baidu for “personal and family reasons.”
Sitting on a cash pile of over CNY 100 billion, Baidu has ample dry powder to invest in technology, particularly in artificial intelligence, as well as merger and acquisition opportunities.
earnings after the close today Baidu.com Inc. (BIDU) is confirmed to report earnings at approximately 4:30 PM ET on Thursday, February 21, 2019. The consensus earnings estimate is $1.79 per share on revenue of $3.88 billion and the Earnings Whisper ® number is $1.85 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 23.83% with revenue increasing by 7.18%. Short interest has increased by 62.1% since the company's last earnings release while the stock has drifted lower by 7.8% from its open following the earnings release to be 20.1% below its 200 day moving average of $212.87. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, January 22, 2019 there was some notable buying of 5,233 contracts of the $175.00 put expiring on Friday, June 21, 2019. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 6.5% move in recent quarters.
All the same, below 100 Baidu did not fall. More precisely, she fell for a short while, but emerged. We assume that support has resisted, level 100 is not passed. Weekly
