While I am happy about how this trade worked out, it still goes into my journal as a mistake. Gaming earnings is just too risky of an endeavour. We are talking high risk, high reward, and I prefer low risk, medium to moderately high reward.
As I posted in comments earlier today, I bought 50 shares of BIDU at $370.52. The stock has pulled back close to the 50 day moving average and seems to be acting well. Historically, this is a good place to enter the chinese internet play.

1 comment:
are you still holding BIDU? I closed the Drys and GS short positions.
Thanks
Tony
Post a Comment