I'm back sucker laughing hysterically at you schmucks.
Researching stocks that are likely to benefit from Alibaba's pending IPO led me to Qihoo 360 Technology Co. (NYSE: QIHU ) . This unusually named Chinese ADR (American depositary receipt) trades on the New York Stock Exchange and has impressive credentials with or without the excitement of an Alibaba IPO.
Qihoo is a multi-pronged company involved in Internet and mobile security products, search engines, gaming, apps and messaging. The company has a market cap of $12 billion and $1 billion in cash, and posted $329 million in revenue in 2012.
Qihoo boasts an incredible 461 million monthly users for its products. The company is the largest Internet security firm in China and the second-largest search company, behind Baidu (NYSE: BIDU ) . While its core business is online security, the company also has market penetration of greater than 20% in the app market, making Qihoo the owner of the top app store in China.
It is this huge base of users that makes Qihoo an attractive buyout candidate. It is extremely difficult to build a huge user base organically, so many companies grow by acquiring firms that have already built sizable user bases.
Read more: http://www.nasdaq.com/article/alibabas-ipo-could-supercharge-this-stock-cm325687#ixzz3DggGyXRo
Won't stop until capitulation selling or some news emerges to change the trend here. Like the company but think 75 is achievable. BIDU and VIPS moving up strongly today while this continues lower. A very bad trend. Sell losers and buy winners. Wait for this to find a bottom.
I just got the word from an insider about the news that will be out. BABA IPO is tomorrow. Shhh. Don't say anything to anybody.
IMO this will begin climbing as day progresses and Alibaba offering nears. Watch this and WB, too, to see if my sense is backed by fact.
Louis Navellier (Blue Chip Stock Growth) ticks me off sometimes with his 'sells'. He could have sold QIHU up around $100 but chose to wait to $77 whatever to put out his 'sell', so as a result his subscribers get out with 'peanuts' for gain instead of 20% - 25% they might have had. Worse is that he had 'buy' on QIHU up to $100, so late-comers to QIHU ended up way down if they listened to his 'reco'. No way I sell, I'm still above water to $76 and if it drops much below there I'll simply buy more.
The mean estimate for QIHU in the next 12 months is $132. Sounds like a good investment to me.
OK let see.....This company is NO joke man. It made a lot of money.
remember we are still talking about a chinese co and that in of itself caps the price
mr market wants to see for themselves the margin next quarter not what management says
we have plenty of time to buy this before next quarter - so just wait it out you might see 70 - who knows ?