$19 for me. Bruno Mali the incredible stock picker had this on the radar 3 years ago. I bought a few of his picks. Changed my life.
No consideration of selling this before 2019. Only thing that would make me consider is if something major changed with their business plan or products.
They have greatly updated their Bidding system greatly. They are also dumping a ton of money into direct marketing to grow this end of the biz. They want to hit that 30% mark and I believe they may be more on target than most think.
I well understand the desire to trade stocks. The excitement... the thrill of victory or defeat.... the challenge. The problem is trading is a zero sum game and you will eventually end up busted. Even if you get on a streak that lasts for 12 months the odds are the next 12 will cost you your gains. The best of both worlds.
You need to have a holding account and a play account. The funds in your play account should be no more than 10% of your holding account. A rule also needs to be put in place. If you lose your "play money" you can't replenish until your holding account is up 20% beyond where it is the final day you lose the last dime in your pay account. This 20% helps account for taxes you will have to pay on your gains in your holding account. Once your holding account is up another 20% you can pull the 10% out and start over.
If you have the proper holding account this 20% should not be a difficult thing to attain every 6 months.
This method keeps you trading and yet making money.
Another thing you could do with this method to challenge yourself. If your play account ever gets up to 30% of the value of your holding account. Take 20% and move it to your hold adding to all positions. Start over with your 10% and see if you do the same or better.
This method keeps you doing what you love without the risk of family and friends and net worth.
Only consider that if you are playing options. If long the stock you are better off holding until $104-$110 area. It's a cake walk to that over the next few weeks.
It's a good day today to see Qihu at $95. However, Bidu makes a new record high today so to match up, Qihu
needs to be at $125 right now.
It's another great day for the entire market; data from China is positive, and yet this stock is laboring to gain a few points. No real news and no comments from its management. Bidu's gradual gains have been quite impressive, but Qihu has no problem dropping 6 percent on a bad day. It sounds cynical but if it can't perform well in this environment, then when?