It seems that the stock has a lot of resistance around 265-275 area after a big up due to CPI report and back to red after Bear Stearns concern about its liquidity in the morning. I miss selling it at 5 and the stock turn green again in matter of 10 mins.
Although, DJI down almost 300 points in late afternoon, BIDU still maintain its gain. I ended up selling my options at 4.20 after it started to turn red again. At least I'm not losing any money, but instead gain a mere 1.09% in 3 days period after commission.
I will try to hold off my self into trading at least until the Fed meeting about the rate cut next Tuesday 3/18. Then, after that I will start playing April options.
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