You have a good point. The volume is quite light recently. The news last night from China seems to indicate QIHU is putting money together for the buyout. We will hear about the delisting when this step finishes.
Search 爱尔眼科参与奇虎360私有化 to read the news.
MOMO is up 141% since 2/11. That's 846% annualized. THAT'S how MOMO is working for us. You have nowhere close to that kind of return with the above. But, hey, WE'RE STUPID. Like I've told you repeatedly, one day you may learn how to invest to make REAL MONEY. Until then, keep taking notes from us experts while we pay for your food stamps.
Most stocks traded near the full value before it was halted for trading. Most recent ones are HMIN, MR, YOKU. If this is the case, there is long way to go.
FB, PCLN, TSLA, AAPL, VRX, BIDU. List goes on and on of Freddy's winners. You suckers are like those poor fellas at the City Mission waiting for a free meal. Freddy donates to those that are unfortunate. You morons are just plain stupid. Waiting for months for a $2 gain..
I can't stop laughing..
Check MOMO's SEC filing today. Alibaba joins the buyout group. MOMO's current buyout offer is 18.9/share.
On April 5, 2016, each of Alibaba Investment Limited (“ Alibaba ”) and Rich Moon executed and delivered an adherence agreement to the Consortium Agreement, pursuant to which each of Alibaba and Rich Moon became a party to the Consortium Agreement. Alibaba, Rich Moon and the Original Buyer Group, collectively, is referred to in this statement on Schedule 13D as the “Buyer Group.”
On April 5, 2016, the Buyer Group executed an amendment to the Consortium Agreement to extend the exclusivity period, pursuant to which amendment the Buyer Group agreed that during the period beginning on July 6, 2015 and ending on the earlier of (i) April 5, 2017 and (ii) the termination of the Consortium Agreement on the mutual written agreement of the members of the Buyer Group, members of the Buyer Group will work exclusively with each other with respect to the Transaction.
Now cue the imbeciles who will say "That's Bruno Mali and I". That's all you bottom feeders have left. Freddy cashed all of you mrsavvy's out at a loss.
I can't stop laughing....
Should have bought some real equities like TSLA. Me and my long time pal, Bruno Mali were pumping this incredible investment when it was in the $50's. Must really be painful to own a stock like QIHU. That's what you get for not listening to Freddy when I warned you back in August 2014. QIHU never came back. Now you fools and suckers are cashing in for crumbs. I hear when this all shakes out good ol Zhou is going to send you suckers some Shwimp Flied Lice.
I can't stop laughing...
Thanks. It's certainly more than just a correction from oversold. It was a huge spike just before 11AM EDT on high volume. Somebody heard something. Maybe we'll find out tomorrow.
No, the news in China came out last week, but no news in English version. I think it is correction from oversold. If it continues to move up strongly tomorrow, I think we should hear about the buyout news soon. I think BABA is interested in MOMO to compete with Tencent who owns QQ and Wechat.
Qihu currently trades at 75.57, which implies intrinsic value of 0.57/contract for $75 call. For April 8 calls, it should also have some time value too. Therefore, fair value for April 8 $75 call should be around 0.7-0.8. However, the bid is only 0.35 because QIHU's options are thinly traded. That's 0.22 below the intrinsic value. That is $2200 difference for 100 calls.
The spread is so outrageous, you have to take the assignment to realize the fair value. The dilemma comes in when you don't have enough buying power on the expiration day. Some brokers will close out your contracts at any price. Some brokers will do the assignment, then sell the stocks at the market price in Monday morning. That may be the reason why QIHU dipped to 75.31 briefly this morning.
Today is memorial day in China, the stock market is closed there. No PR from any Chinese companies until tomorrow morning.
MOMO looks like rebounding from the oversold condition last week. I did not find new news around privatization. However, there are some positive news on MOMO's business.
1. MOMO is in top 3 of mobile social apps according to data from a third party (艾瑞咨询). Search 微信QQ陌陌居移动社交前三 to read the news.
2. MOMO signed a mobile game deal. The game had 30 millions users. Search 陌陌签下《疯狂坦克》to read the news.