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BIDU_7.13.12

Posted by StockBuz on July 13, 2012 at 8:14pm
I've been stalking BIDU for a possible bottom and took a flyer today [1/4 size] on this possible double bottom with a stop below this weeks low. Analysts/funds have been concerned over BIDUs mobile platform however..........today [after the close] they announced they are forming a Chinese mobile content distribution JV [joint venture] with NTT DoCoMo (DCM). DoCoMo is investing $22.5M to obtain a 20% stake in the JV, whose first offerings will be games and related services from Japanese developer DeNA. A JV between Baidu and Japan's Rakuten recently unraveled, and the company's international moves generally haven't gone well. But the DoCoMo tie-up does play into Baidu's efforts to build a strong mobile developer ecosystem. Earnings come up in a few weeks but this could really be a flyer........we shall see.

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Tags: long-ideas, bidu
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