Wednesday, May 12, 2010

Roids R Us: BIDU

Mad run from 76.80 to 78.10 for a new high by BIDU a few minutes ago. Now selling off and back to 77.42. New intraday Fib retracement levels:

38.2% 76.09
50.0% 75.47
61.8% 74.84

BIDU may not return to 76 today (though I think it will), but radical swings are part of its DNA. Even after the 10:1 split, apparently.

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