Expert On Baidu: Here's How It Goes 'Off To The Races'

Serge Berger was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Berger commented on Baidu Inc (ADR) BIDU ahead of its earnings release, and said that he approaches the stock from a trading perspective since he is skeptical of the company’s transparency.

“It can move a lot after earnings...so I don’t want to touch something like this blindly on the long side,” said Berger.

“I would focus on the bigger picture area...this stock can gap up or down 10 percent so I would focus on the broad support areas between $190 and maybe $200, that’s your big-picture support area” that the stock needs to hold, according to Berger.

If the stock could clear the $235 level, then Berger felt that “it might be off to the races to new highs.”

Ahead of its earnings report, Baidu Inc (ADR) traded at $214.75, down 2.14 percent.

Listen to the show here: