$48.17 to be exact. I believe that constitutes touching the $40's. QIHU will be revisiting the $40's real soon. Maybe next week. Probably next week. I'd bet on it. Matter of fact look out below, next week. You can thank Fast Freddy tonight, in person. I'll be in Manhattan having dinner with some Hedge Fund friends of mine. If you knew what my Facebook page was, you'd see up close and personal two very well known gentlemen in the investment world. Oh, I'm the good looking fella driving the BMW I8 I picked up last week. I posted a dozen pics. It doesn't get any better than Fast Freddy..
I can't stop laughing..
So Sowwy Savvy. My information is right from the investment group that made the initial offer. Your information is hacked, plagiarized, made up, and mostly lies. Maybe you should learn English grammar before coming to a public venue month after month butchering the English language. You've been caught with your pants down with lies and BS for over a year. Your calls and BS predictions have all failed miserably. You keep scaling back on your expectations in a hope at least someone other than your fake ID's, will give you a thumbs up. Go shoot yourself in the head.
If the offer is changed to $55 the private investment group will lose money because the shares will plummet. Why? Because they own the majority of shares. As the market cap of a company drops so does its value. It's not in their best interest to devalue their own company. This is why they didn't come in with a $60 offer from the beginning. If earnings are released on Monday and QIHU spiked to $77 that would make the investing group very happy. Why? Because they are most likely using the shares they own as leverage in order to purchase all remaining shares. The more those initial shares are worth the more buying power they posses and the easier it will be to push the sale through. On top of that the value of the company stays in tact for when the relist it in China. IPO price will skyrocket.
The last thing these guys want is to push QIHU down to $40 a share. That would be a disaster for them and the company. But Fred this is way over your head because your not a business guy. You're just a guy on a computer trying to be the King of Yahoo message boards.
I agree. I also believe the 9.5% down day on Wednesday was related to this rumour, but without clarification or more from today's newsprint. The offer was made 10 weeks ago and this is the first report since. I think it implies the deal will go through with a lower binding offer.
The $77 offer has been drastically reduced. I can't stop laughing. The report says the Investment Company is considering cutting its $9 BILLION offer in the wake of recent carnage in China. Unfortunately for QIHU, the offer made in June was NON-BINDING, allowing the group the leeway to consider lowering its offer. Meanwhile short term option players are loading up on PUTS. I CAN'T STOP LAUGHING!!!!!!!! Schaeffers put/call open interest ratio of 1.15 stands just 3 percentage points from a 12 month peak. I CAN'T STOP LAUGHING!!!!! The street rumor is under $50. Never discount the genius of Fast Freddy. He who laughs last laughs the loudest.
I can't stop laughing..
Forget the others; these guys are the real deal. I am up $5,400 thanks to PennyStock101 (org) Look them up in Google and sign up for free.
I think the news implies the deal is still on, but with slightly lower offer price. For example, the stock price still looks very attractive if the offer price is $70 instead of $77. I think the next PR from the company will be a binding offer with lower price. If the offer price is around $70, QIHU will go up to around $60.
Hmm.. If the deal goes lower, there's a chance that it may go more low (depending on what happens to China market).
Will we hear an announcement in couple of days that it's closed & then it's not dependent on the China market?
Same question in my mind.
Not sure if there is some information already out there (other than the negative one: 'Investor group may cut offer for China's Qihoo 360 - WSJ').
Volume is not crazy high though (to reflect a news leak).
I do expect QIHU to report better than expected results.
Can I get someone to explain why this stock would be up so much today? I initially interpreted the possible removal of the deal as bad news. What am I missing here?
Legitimate answers please. Not interested in pennystock spam #$%$.
this is one of the few solid companies in china.. with government backing... who cares if they are being bought back or not.. if not, the share price can go higher.. if yes, you know how much profit you can make now from the buyout price set..
This is what CEO stated on WB:
Google translation goes like this:
Now rumors are compiled without effort, with insiders do cover these three words, ask the Wall Street Journal, to tell you that the informant who called what?
It basically says: It's so easy to spread rumors these days citing person in the know. Let's ask Wall Street Journal who is the person in the know.