Baidu stock: Safe to invest or hold? by Tarot

Stock of chinese internet search company Baidu saw a whopping increase on debut last friday at NASDAQ and closed nearly $123. Will it continue to run up from these levels and till what time? These questions are being answered by use of Tarot cards and readers/investors are required to use their discretion and use other data before making any decision.

1. Will it move up in short term over next three weeks?

Cards indicate that it will move up further till part of this week before profit booking kicks in by end of this week or early next week. There is likely to be a sharp fall next week but recovery may follow. However it seems quite certain that by end of this monh there will be no significant increase in its price . In all likelihood its price will fall below current levels.

2.How it will perform over next 3 months or six months from now?
At best one can say there will be some recovery in september comapred to August closing price and but overall projecting for next 3 or six months stocks will not show any major gains