Bidu baidu.com Stock Analysis 8/26/08 - BIDU Technical Analysis August 26th, 2008

Last week I took a long position in BIDU at $304....also took a position in Google ( GOOG ) at $490. I have only taken half positions so far as with this crappy stock market, these can always go lower.

Baidu ( BIDU ) Technical Analysis:

On 8/25/08....BIDU shot into the $330's briefly in the morning before selling off the rest of the day. This is concerning if you are a trader of BIDU...as this could signal a short term top at $330. Last week BIDU held very strong in the $320's and could just be forming a base here. I would get long on a close above $330 if I were a trader or add to my long position. As for GOOG, go long on a close over $500.