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Qihoo 360 Technology Co. Ltd. Message Board

  • osulinbitter osulinbitter Apr 7, 2014 1:33 PM Flag

    60$ by end of April.. It is a fair market.

    40$.. a new day will begin.

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    • technically, look at how far price got stretched above the 50 day ma at its peak at 124- about 30. The 50 day ma is now at 103, so an opposite extreme downside move would take price to 73, which is right at the support since last august. So with price already stretched farther under the 50 day moving average since QIHU started its rise last year, so my bet- initiated today with May 70/65 bull put spreads (defined risk), is that price will correct to 70 at lowest. That would represent a 44% drop for a company that is growing extremely rapidly. This selloff is just the market repricing "risk", the US economy is not anywhere near going into recession, we are not entering a bear market, analysts been raising EPS estimates last month

      although if it does hit 60 , I bet the option premiums on even 35/40 bull put spreads would be attractive, the VIX would skyrocket if we had that kind of correction

 
QIHU
59.04-2.48(-4.03%)Apr 17 4:03 PMEDT