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10/27/2009

BIDU Adieu

One would think today would be a peculiar day to short BIDU. Not for me. It has shattered its trendline, and I waited until it pushed as close to the underbelly of that former support line as it could, then I shorted it. This is not a huge position - 70 shares - but it's a pretty cool chart. Entry price of 381.75; target - I dunno - upper 200s I think.

1027-bidu

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