April 29, 2014 (Chinavestor) Shares of Baidu Inc. (NASDAQ:BIDU) plunged $11.98 on Monday, far more than any other Chinese listing. Apple Inc. (NASDAQ:AAPL) is just the opposite, continued to advance big time.
Big advances are followed by pull backs and significant plunges are followed by smaller bounces. Based on this phenomena, we assume BIDU will make a small comeback on Tuesday and Apple Inc. (NASDAQ:AAPL) will slow down on Tuesday.
However, don't be fooled by short term trends. Fundamentals drive ultimately stock prices and as such, AAPL is looking good and BIDU is a question mark.