Baidu Struggles With Market

Posted by Blain Reinkensmeyer
November 27, 2006 at 12:55 pm

Take a gander at Baidu.com (BIDU) and you will find the stock down over 5.5%, or down about 6.5 points. This is just one of many big leaders from the last few months stumbling to new intra-day lows. BIDU has traded over 1.5 million shares thus far, and is well on its way to a distribution day. The one fault to big runners is that they can take profits extremely fast. Baidu joins Google (GOOG), Apple (AAPL), NYSE Group (NYX), and many other leaders that have stumbled today.