11/5/2007

Well another volatile Monday , down, up, sideway, up , and down near the end. The bulls are definitely trying everything to finish the year strong and after the ISM service numbers. Well covered all my goog for -15/share loss on Friday, this stock is very resilient and full of bullish momo, basically not stoppable. I started a short on baidu at 400 and start to feel the pain again. I just don't know why all these search engine stocks are on steroid like the internet bubble craze day all over. Baidu will definitely retrace below the 400 level, but when will it happen? If it doesn't by the end of the week, I'll have to take a loss on this hyper stock.



Long
vmw 84.50
Short
baidu 400