I bought 50 shares of QIHU on Friday.A Top Gun Hedge fund manager said that QIHU was his best idea.I bought at 86.50.Would appreciate any ideas on whether I should hold or double down or sell.Thought I would ask someone more familiar with the company.Thanks,Denny
My opinion is BIDU QIHU VIPS SINA...are great investments.
They are extremely volatile but will reward us. I double down often on these and doing well.
China has tins of growth for years.
See BIDU news AH. Expanding to Thai.
QIHU management is very smart. Analysts sometimes only see the latest info...they are always expanding so have faith in the china leaders ...
BIDU, VIPS, YY, etc., have all shown weakness since reporting good earnings. We are seeing selling after the open, then buy backs after the middle of the day. But, with the downgrade, I think QIHU will remain weak for a bit longer, and I'm looking at $74 to buy additional shares.
I can only give a ground floor opinion. When I was working at an English teacher at a Chinese school in Beijing, Qihoo was on all the computers and they wouldn't use any other browser. Those that use it are hooked.
Oh boy, you got long way to go to learn:
1. You never buy because someone bought it
2. You never put whole in one basket
3. Don't try to catch falling knife
4. After all learn how to read financial report and you need to find out your own comfort zone and opinion
For current my opinion on QIHU, they had good 3rd quarter report and 4th quarter guidance was good. I will wait until next quarter report.