Baidu is one of the stocks that I own but don't really fancy it.
Today's stock market is very red, but Baidu has a slight increase of around 0.6%.
Thought of closing the position as there are many that believe a market fall is coming.
Also recently I have been piling on stocks that dipped, like Tesla and Salesforce.
Selling Baidu just liquidates some cash for me, although not much.
Baidu is a stock I held on to, because it is losing.
I think at one time it fell to around 50% of the money I paid for.
But I held on and got rewarded.
Not that it is painful to hold on to. I only put US$1k.
And by selling today, I made around US$500, which is around 50% gain.
More than my Facebook investment, which is on around 45% gain.
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