PPR - Follow-up on BIDU

Published : October 18 2010 at 10:27 ET

Baidu, Inc. (BIDU), which we emailed on a little while ago, is coming out of this nice, tight little flag formation on strong volume for this time of the day, at approximately 7:22 a.m. PST, over three times normal. The daily chart below shows the position of the stock, and from where we sit now it appears that BIDU has a reasonable chance of exceeding 17,642,600 shares, the down-volume level of October 6th as we've indicated on the chart.

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