Stock Market Alert - BIDU Keeps on Rolling

Posted on Thursday 7 December 2006



Stock Market Alert - BIDU is rolling, and just keeps on rolling, closing Wednesday up over 3% to finish the session at $126.57. The stock continued to tack on gains, adding another $0.93 in the afterhours session to close the late session at $127.50. BIDU set yet another 52 week high on Wednesday of $128.68, before pulling back slightly and closing at $126.57. The best news for longs is that volume was extremely high, with over 7.3 million shares of the stock changing hands, compared to a normal daily average of 2.4 million shares. With year end window dressing coming up, BIDU still may have a long ways left to move.



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