Tuesday, March 2, 2021

Goodbye Baidu

 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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