$Baidu (BIDU.US)$earning is expected to release on Wednesday, 17 November. Baidu’s shares had been very undervalued due to a series of events. The main one is the margin call from Bill Hwang from Archegos and subsequently it was indirectly affected by a series of government’s regulation tightening of the technology company to restrict monopoly behaviour.
Archego capital margin call The highest was 354.82 before the Archego capital margin call came and led the stocks that Bill Hwang hold to drop significantly. Now I could say that it’s a bargain to get the stock at this level - theoretically below 200 dollars
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