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Qihoo 360 Technology Co. Ltd. Message Board

  • italiatlt italiatlt Jan 16, 2014 2:39 PM Flag

    Covered my puts for a noce 30% gain. ka-ching. Selling points S/B at $89, $91ish and $95ish..

    Sell into strength and buy into weakness. Never go broke taking a profit. All the best players on Wall STreet employ this strategy..

    Sentiment: Hold

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    • according to cnzz, qihu's search share started to grow again in Jan, and at the meantime bidu's share started to sink again.

      very weird....

      could this be a real breakout this time? I am really confused and afraid to get burnt if I re-enter now.

      • 2 Replies to tianyiinvest2013
      • yes but all this back and forth is a little unsettling. Two rumors were spread on QIHU in less than one month. Sounds like an inside job to me. I hate rumors = spells deperation. I'm still trading the stock with covered and uncovered options for a hedge. I think I will get very long again if she can break the highs of $96 as a momentum trade. You will be much better to wait and lose $3.30 ($92.70 last to $96) then to load here. I would be selling in here and look to buy her cheaper or like I said risk paying $3.30 moore but be more certain that this is a real attempt to break the highs and hold the level. This is how the momentum traders work... Or just buy farther out calls. You can buy the Feb 7 $100's for a little over $1...They will be cheaper when using strike's past its high (less probability) and of course because its farther out..I stil think QIHU can see $125 this year as a low TP...That's $29 of upside if she breaks $96..

        Sentiment: Hold

      • If you understand Chinese, you should search the news about Qihu's annual rewards for their employees this year. No other company in China can beat Qihu. I guess Qihu must have a very good year. I think it is safe to hold the stock till ER. MM may sell on the good news come out then.

        Sentiment: Strong Buy

    • Come on. You said you bought some puts to hedge. Now you changed to "sold puts" and now you covered them. You are a liar!!!

      Sentiment: Strong Buy

 
QIHU
52.05-1.58(-2.95%)May 29 4:06 PMEDT