Wednesday, April 28, 2010

April 28 - BIDU follow up

BIDU reported stellar results..... Credit Suisse, I would love to know what you're traders were up to yesterday when you downgraded the stock!!!!

Stock is up to $710 in after-market trading and according to my option modeller, this increases the prices of the calls I'm short to $15 a piece - increasing my required margin for holding these to unpredicted levels.

I will look to pre-market tomorrow to see if I should liquidate these and take a loss or if I can ride it out.

No comments:

Post a Comment