We went from $14's to $25s...
Now building a verys strong base in low 20's in preperation for next run.
Next run could easily take out 52 week high of $26 n change.
The big catalyst is all the focus being put on their new search engine.
IF Qihoo can show thatg they are a remote threat to Bidu we are off to the races.
Remember when Yahoo owned the search engine market then that little start up named google popped up and dominated.. Look who is bigger now.
Bidu's market cap is almost exactly 15 times bigger than Qihu...
That means the upside of Qihu is HUGE!
Bidu went through a 10 for 1 split back in 2010, which would put it's current stock price at an adjusted value of $1120 a share...Thats right... $1120!
Now don't get me wrong, Iam not saying Qihu will be challenging Bidu as sear leader any time soon, but if they had just 1/10 of Bidu's market cap we are looking at $34 a share...
And considering that Qihu's growth rate is much better than Bidu's I dont think that is at all pie in the sky..