Short Idea: Baidu

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I’ve already got a position on this, but I wanted to share it. Here’s a close-up view of recent Baidu price action; a break of that 189.55 level should set things in motion.

1223-biduclose

Here’s a bigger picture view, with the same pattern tinted.

1223-bidu

Oh, and perhaps you’re wondering what I thought of the new Star Wars, from which I just returned.

Well, it was a perfectly fine movie, and one I’d never bother watching again. If I love a movie, I’ll watch it many, many times. This one was definitely one of those that’s best seen in the theatre, but honestly, “one and done”. (And for those of you who have seen it, I’m sure you’ll understand me when I say they left no stone unturned when it came to recycling bits and pieces of Episode IV out for the old timers to reminisce.)