today at 5pm, after the markets have closed, bidu reports q1 ern of 0.47, estimates were for 0.44 but some as high as 0.49
immediate reactions were mostly down, as much as 4% lower from the 4pm price, to 145+
then prices climbed to over 157, now 152 at 525pm
options at the regular market close priced the post ern targets at 166.41 and 135.81
i guess if we had 0.50 for ern, some 160+ prints may have roll on our screens
daily at 9-1 sell
6-0 sell weekly
9-10 sell monthly
unlike most companies, we have to wait until 8pm, after the close of some after hours exchanges for the conference call from china....
weird, indeed.
paul
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