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Update: Chinese Internet Trade

By: Emerging Money
Posted: 2/25/2014 7:24:00 PM
Referenced Stocks:

Chinese Internet names pause today on poor (disappointing) growth at Sina ( SINA , quote ) and broader China fears.

Image courtesy hwanghsuhui: http://commons.wikimedia.org/wiki/File:Baidu_Campus.jpg These pullbacks have been to buy in the last 2 months and this is far from a big pullback (-1.3%).

Baidu ( BIDU , quote ) is resting today on the 20mda at $169.50 and this has been a key level to hold historically.

BIDU reports after the bell tomorrow.

Be forewarned that this is a company that trades on the news.

The average % price change on the release over the last 10qtrs has been arount 6%+/-. sg2014022546571