Qihoo 360 Tech (QIHU)

[wallst-winest]

Could be a good short here. Makes no sense why this stock is up and the rest are lower... There must be news

[wallst-winest]

$85 test and then mayb $80

[The_Free_Nebula]

Really interesting trading

[wallst-winest]

Yes and the jerk MM's in the options spread the bid/ask because they didnt want to participate. Im long the $88 puts

[The_Free_Nebula]

Man the manipulation of this play is incredible - learning to profit from the experience

[The_Free_Nebula]

LOL looks like 85...

[wallst-winest]

Finally broke some major resistance but not the highs!! $100 or $85?

[The_Free_Nebula]

QIHU finally wants out still has to base and cylce a bit. But it wants the century mark...

[The_Free_Nebula]

yeah....I see...

[wallst-winest]

Actually free neb, it didn't. Text book top of resistance and pullback as I thought. Glad I bought the puts. I wrote on y-h today that $95.36 would be a top today and to sell some.

[The_Free_Nebula]

I am just happy it broke the previous channel

[wallst-winest]

The same massive resistance up here as I expected. $95 ish...take some profits.

[wallst-winest]

I did and made money. Sold em on the drop in the morning yesterday and bough a few more on the close last night

[The_Free_Nebula]

Glad I did not bite on those puts I was eyeing...

[wallst-winest]

Don't get me wrong, I'm a qihu bull and think that $125 this year is possible if they do all the right things or even if they don't because of the growing pie and investors not wanting to miss the next bidu if you will....be in it but watch those metrics and earnings.

[eddy2]

Thanks for that wow I will have to think about all you said but very interesting for sure.

[The_Free_Nebula]

At least this dip is not a complete tank - yet!

[wallst-winest]

There is some seasonality in their Q3 numbers but behind that there is reason to be concerned. It looks like revenues are slowing from their massive clip, but that may just be the law of large numbers. Without getting too far into the weeds, search revenues are contracting much faster than gaming revenues. Moving away from Q3, there is a recent report from a third party data provider that claims QIHU is losing marketshare in its search, down from 24% to roughly 21% currently. QIHU predicted that their 2013 year end search marketshare would be 25% and 30% for 2014. So the jury is still out. Reason for concern, but I still believe that China is a massively growing pie so even if Qihu remains at 25% that is very impressive and should equate to some healthy revenues.

[eddy2]

okay lets here it I'm very interested in what you have to say

[wallst-winest]

What gibberish are you posting? I can help you with the financials..

[wallst-winest]

I'm bidding for the $89's all day...

[eddy2]

Wow at a quick glance at the numbers I see her going up but with that the numbers are building on the income statement side of things that they haven't taken advantage of but could paint an ugly picture down the road if it is allowed too keep building but with that they are now taking advantage of depreciation that was kept of the books and with that building revenue. Liability is being dropping moving cash into the bank most likely purchasing the coverage or getting out of a risky business adventure hard to say could be why the income picture is changing were they are taking advantage again of revenue so to say go long sure but a pull back for sure will come but when who knows.


I can't get a clear picture and for me that spells a huge risk as to were it may go from here. granted only a short time was spent looking at the numbers no history on the numbers were performed that would take days for me again to look at to get a picture as to what other revenue it may have besides were I see it is getting it from at the moment.

[eddy2]

I will take a look at it and give you my opinion for what it is worth to you when I get time to digest it all that could take up to days and days I'm sure to look at the mess that someone is wanting to pump up revenues.

[The_Free_Nebula]

I may buy some puts today....watch the cycle break when I do...

[wallst-winest]

Take a little off near high $80's

[wallst-winest]

Thanks. I'm flat at the bell today. Will get back in when it feels right to me...hopefully back in the high $70's.

[The_Free_Nebula]

Sorry for the no reply...No not the last dip...I am going to ride what I have out for a while...

T

[wallst-winest]

Did u buy the dip today? Another ugly day! Today is technically imp. Closing back above $ 85-$86 is key! We must be die for a sunny day...glty

[The_Free_Nebula]

Nice ...

[wallst-winest]

I added calls and stock at $77. Dumped them near todays highs, but still have some old stock.

[The_Free_Nebula]

Another bounce off the lower BB?

[The_Free_Nebula]

agree

[wallst-winest]

Painful in the near-term my friend. I was hoping for $85-$86 to get a few hundred shares off. Now is when you want to buy.

[The_Free_Nebula]

So much for the stinking strong buy rating....on the 2nd....more like it now....100 DMA broken fwiw.

[wallst-winest]

I was doing much better two months ago and was shaken out with the whole NQ debacle. Should have just stayed in. The. I kind of messed up earnings even know I knew what to do. Got too bullish. But either way, I'm near my all time highest position in qihu and am selling 100 shares here and there into strength. Always looking for cheaper shares to add back. Long-term, I truly believe they will be much much higher. China is the place to be...esp. Internet! They will all rise as the pie grows..glty.

[The_Free_Nebula]

Sounds to me that you have done well with QIHU....As a longer term buy and holder for the most part I like to see the cost basis of the shares continue to rise. Though I should have traded some over the year...Would have much more shares now..

T

[wallst-winest]

Thanks. I have not spent much time with the DMA even know I consider myself a seasoned technician.

[The_Free_Nebula]

By the end of this week the 100 DMA will be over $80 per share...Maybe the swingers will take the game to a post $100 level in 2014....

[wallst-winest]

Qihu is finding a base again $85 looks to be holding as our first level of support after the earnings debacle. $87, $90, $92, and $95 should all act the same as we take on the old highs...

[wallst-winest]

Waiting...I think she will find a base soon hopefully holding the $80 level.

[The_Free_Nebula]

When this play finally breaks out of the matrix ... watch out 100s here we come

[The_Free_Nebula]

This analyst seems to be just reading the tape...down under - up outp...pretty funny..

[tradeologist]

Macquarie Raises Qihoo to OUTPERFORM


In a report published Tuesday,11/26/13, Macquarie Capital analyst Jiong Shao reiterated an Outperform rating on Qihoo 360 Technology Co. Ltd. , and raised the price target from $90.00 to $118.00.

Zacks also changed its rating to Buy from Hold.

However I say it's too soon to tell if the stock is going to break its holding pattern from its mid-July point.

[eddy2]

Coming in big time today. I love it.

[The_Free_Nebula]

yeah I know and agree...There seem to be program selling going on for the past few months + Some other stocks rocked during the same period...

[tradeologist]

Underperforming

Stock has been on the low side of its trading range this past Qtr even though the company reported strong earnings. Many analyst rate this stock a HOLD.

[wallst-winest]

Whale Rock Capital just plugged this baby on CNBC. They are a very smart HF up 40% this year. Alex, the manager, goes to China all the time to do his analytical work. He loves the stock and owns 659,000 shares for 9/30. I'm sure they have been adding since that filing. We have attention now from the media.

[The_Free_Nebula]

blow out...maybe it will break the cycle and let it go up...clearly there is a sell trigger on this thing at a cerain price range

[wallst-winest]

What's your take on earnings Monday?

[The_Free_Nebula]

plays like a sine wave fiddle