PPR - Watch for Possible Pocket Pivot Buy Point to develop in Baidu, Inc. (BIDU)

Published : November 11 2010 at 10:22 ET
BIDU is one of the strongest names this morning as it has rallied into positive territory in the face ofa  general market sell-off this morning. This looks like it could set up as a pocket pivot, but it is still very early in the day. We still think one could have a small position here in anticipation of a pocket, if the general market continues to rally off the lows of this morning as of 7:20 a.m. Pacific Time. We have a position in the stock.

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