HOPE is not a trade
they will deny it and shares will get whacked. the only reason QIHU is holding up is due to two rumors today in the stock. Look at QUNR, YY, GOMO, BIDU, ect... all way lower than QIHU
i guess this is also impacted by who is the current largest holders of the stock.
for some stocks the holders are impacted more by the recent news about SEC, PMI and potential default of a large trust fund.
compared with QIHU, BIDU has more institution holders, who are much smarter than small investors.