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More than likely this is a top in Bidu. All the classic signs; breakaway gap, runaway gap, exhaustion gap. Then followed by the split and run which didn't lst to long. Easy money has been made. I think you sell or short from here.
Based on the recent action in BIDU, it definitely seems to have bogged down with all the excess supply of shares in the market now. Pulled right back to the 50...watch and see what happens around this level.
I got back to even, made a couple of bucks and sold mine. I see and read in IBD that the stock is diluted from a 10-1 split, but not really exactly how this is figured out. Can some on explain it to me- so i can spot it other stocks in the future?