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| BAIDU.COM - COT Proxy |
Baidu.com aka China's "Google" is having a good run-up since March 2009 (You can trade this on NASDAQ or SGX-ADR-K3SD). Looks like the run-up has cooled down somewhat recently. Baidu is a good barometer to gauge the market's appetite for high-growth/high tech stocks in China. Imagine the growth potential in a country of more than a 1 billion using the search engine!
The stock has reached its lowest level since March 2011. The COT Proxy is still in positive territory and this shows that the "big boys" are still net long. Those of you who want to enter long, do that note that this could be a short term correction (good price to enter) or this is a start of a massive correction...
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