Baidu is a fun company. The stock has been a great performer over the years, Especially for those that have owned it since the beginning. It is a play on Internet, Advertising & China.
Here we will discuss an idea of how to play the earnings release that is scheduled for after the bell today.
In usual fashion Google is slated to report earnings on Thursday night, one day prior to earnings expiration. In Monday's Earnings Season Primer I made the assertion that option premiums get bid up (causing a rise in volatility) into earnings as market participants aggressively buy options to game the gap.
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Key stocks like SanDisk Corporation (NASDAQ:SNDK), Baidu, Inc. (NASDAQ:BIDU) and Netflix, Inc. (NASDAQ:NFLX) all made new 52 week highs today with large surges in the first hour of trading. Baidu, Inc. jumped on continued retail buying after the 10 for 1 stock split. This jump after a stock split is normal a
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It has been a very interesting week as we recovered off of Friday’s option expiration day catastrophe with Goldman’s SEC news and, of course, the on again - off again - on again news coming out of Greece. We finished this week more than 50 points over that Thursday’s close so yay bulls and all that.
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In a week where I had already been calling GS "Goldman-Madoff" and I had predicted on Wednesday that the rally would last "until they start arresting people" and we featured the above video on Thursday afternoon to illustrate what a crooked scam the financial marketplace had become that it finally hit the fan on Friday morning when even the WSJ could no longer ignore the evidence that myself and a