Good morning, Lets get started

Posted on November 30, 2005 , filed under Stocks | Print This Post

I’m up a bit early today looking at stocks and requests. E-mail me your requests and if I know anything about the stocks I will report back. This morning I am watching BIDU, Baidu.com, Inc., I have reduced my short price to $84 from $86. If the stock happens to rise to $84 I will short 200 shares of the company. I see a greater chance of BIDU dropping than rising in the current market. GOOG, Google Inc. and YHOO, Yahoo! Inc., two major powerhouses in the search market have been downgraded, I expect BIDU to drop in suit. You can never tell though with a stock as full of greed as BIDU. I see YHOO dropping and stabilizing at $36-$38. I may short the stock if it touches above $41 in the remainder of the week. I was looking at NVDA, NVIDIA Corporation, early this morning. I see a possible drop to $30-$31 in the next 1-3 months, before a rise to above $40 in mid-late 2006 on the heels of the Sony Playstation 3. I wouldn’t invest in NVDA at current prices. I mentioned earlier that I would feel more comfortable purchasing NVDA at low $20’s which I don’t see happening in the near future.

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