Shorted 1 block of BIDU at 303.74. This stock is overvalued by EDIBTA fundamentals. The stock has not closed below 300 since the NASDAQ was above 2580. that said, the shares have not discounted the loss of 7% in the index. therefore, I’m betting on a slide. As always, I will the trade into a pyramid (dollar cost average higher) if I need to.

In general, tech stocks are weak today and not aiding in the rally. This will weigh on the indexes as we near the close.

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