BIDU, Monopoly in China?

On January 6, 2010, I had posted an article “Baidu At Decision Point... Up or Down?” on Long & Short Investment with my prediction that BIDU will go up.  Looking at BIDU’s four year chart, there is a major resistance level at around $443. If BIDU closes
above this level, then it could signal a true bull flag and should reach $450 area and possibly continue to go higher. Continual movement higher will depend on if Google actually will stop their operation in China because if Google does pull out of Chinese Market, then that leaves BIDU the only major search engine company in China. It would be very close to having a MONOPOLY in Chinese Market!

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