The more I look at QIHU, the more I feel it were like 3Com. Remember 3Com? Everytime it came out a little thing it acted as if it had taken over CISCO. In the end how many of you still remember it today?
QIHU's search technology lags far behind BIDU. If I were QIHU, I would rather keep myself quiet. More importantly, QIHU's practices embedded in its products are highly questionable, thanks to its own making of the fame and consequently its products exposed. Privacy issues is one example. I would never use its browser or antivirus. Its antivirus could be considered the largest virus ever, taking over the entire computer memory. In the end I guess it is easy to make a fame by challenging the leader, except becoming infamous.
One last thing, if you want to be a leader, practice leadership. Its financial report is at least 3 weeks behind that of BIDU while the size is only one twentieth. That is not good. It means its financial responsiveness and control is loose. And by the way, its browser market share reportedly kept sliding.
My prediction is the stock will drop below $14 and will become oblivious thereafter.
I long BIUD at its current price. I do not long or short QIHU. I think people have given too much credit to QIHU.
A few years ago my IE default home page was hijacked to the qihoo 360 website. I had tried everything to get rid of it but failed. I end up using Mozilla web browser instead of IE just to stay away from it.