cwfarley, you make a very very good point - and in fact are exposing my biggest fear. The Chinese don't have the regulations and oversight that US companies follow (and even US companies have gotten away with murder) so I have a real fear that the reports of profits are a mirage. I have experienced the same cavalier disregard of ethics in Greek shipping stocks. I wish I had faith in Deloitte, but after watching what Arthur Anderson allowed to happen with Enron I can't honestly say I believe any auditor. I just hope the reported numbers are real... if so this company has far more value than its current market cap.
I haven't seen one stock that goes up every morning and falls big just when you think it is reversing. This pattern repeats every day. I was tricked into holding this POS day after day and regret not selling earlier. There seems to have no support for this support. Hope it won't go to 20's or 30's. I listened to the analyst and is getting killed.
Stifel's downgrade set a 12 month price target of $67, almost 50% higher than today's close. QIHU was at an intraday high of $55 on the day of the downgrade after falling from an intraday high of $64 on Feb 6. Just 13 trading sessions and the market cap of QIHU has been slashed by 30%. This is an organized selling campaign by the hedgies to wash out the weak hands in preparation for the parabolic slingshot into earnings!
Buy some March 13 or March 20 Call spreads 50-55's for a buck.
To joslin.bottoms: You are an idiot! Analysts estimated for SINA EPS2014 =$0.74; EPS2015 = $0.95. For QIHU EPS2014 = $2.44; EPS2015 = $3.8. Don't you see the difference? Before commenting, you should get financial education!
BS. MM know it and dumped the stock in droves. These are all BS numbers and analysts know it. Keep pumping. All the way to the $30's after earnings. All of these lies were spread by you pumpers about SINA. Look at them today.
To joslin.bottoms: I require that you proved that I did something similar. Make a reference to my similar comments. I am a professional analyst, and I don't tolerate such insolent fellows and liars as you!
Only messages here that told the truth were Fast Freddy and Wall Street Wizard. They said sell everyday last August and you paid pumpers bashed them constantly. When November came along they said to steer clear and they were right again. Now the stock has gone from $100 to $46 and you crooks are still pumping this garbage.