BUY Baidu to ride on upcoming strong earnings
$Baidu(BIDU.US$ earning is expected to release on Wednesday, 17 November. Baidu’s shares had been very undervalued due to a series of events. The main one is the margin call from Bill Hwang from Archegos and subsequently it was indirectly affected by a series of government’s regulation tightening of the technology company to restrict monopoly behaviour.
Snapshot from Earning’s whisperer of $Baidu(BIDU.US$ earnings
Snapshot from Earning’s whisperer of $Baidu(BIDU.US$ earnings
Archego capital margin call
The highest was 354.82 before the Archego capital margin call came and led the stocks that Bill Hwang hold to drop significantly. Now I could say that it’s a bargain to get the stock at this level - theoretically below 200 dollars
The highest was 354.82 before the Archego capital margin call came and led the stocks that Bill Hwang hold to drop significantly. Now I could say that it’s a bargain to get the stock at this level - theoretically below 200 dollars
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
