Criminal Silliness

Firstly the weekly chart. This is BIDU, China's answer to Google. Notice for all the hype over the airwaves, the stock is just where it was 3 1/2 months ago. Most of that move happened over one day of short covering madness.

Here is the wire story:

<(RTTNews) - Baidu.com (BIDU) reaching its highest level in three and a half months on Friday after the posting of postive earnings. The stock gapped open higher and added in the first 15 minutes. It cloosed off slightly for the rest of the morning before drifting up again in the afternoon. The stock closed at $123.38, up $15.20. The stock had climbed sharply through the week.
Thursday after the closing bell, the company announced results for the first quarter that revealed a 142.6% year-over-year increase in GAAP net income for a 103.3% growth in total revenues. Online marketing revenues for the quarter increased 108.0%.>>

Sounds great, huh?

Here's some more great sounding stuff: Price/Earnings is 110....great, huh? Price/Sales is almost 34 ...smoking buy, right?

So why the hell would anybody buy and/or tout this thing? Because it's going up, that's why!

Here's an idea for you for free: On the first sign of breakdown (break below 20 day EMA) short BIDU, short BIDU, short BIDU. I think it tests the lows again.

But what's CNBC gonna tell you to do? Aw, c'mon, take a guess.