Qihu down graded because it is too young - citi's propaganda!
What a BS analysis!!! Never heard of it. If it does well it does well. Qihu not only proved its YOY revenue growth, it built the flatform which started monetising this year and many years to come. It dominants mobile security, continues to extend to other money making hot area, i.e. gaming... you research it.
calm down - A profitable trading strategy is to buy downgrades by thieving investment banks and their trigger men. Always has been true, always will be. What, you think they're giving you "secret" valid intelligence out of the goodness of their hearts? Take advantage of the downgrade. Growth rate is very strong, and China numbers looking strong. It's not even reached the recent highs yet.
That analyst is Thomas Chong. According to him, the stock price is based on the age of the company.
And that's very stupid because if it is, then pt of Qihu should be $200 now(because pt was $165 before and now qihu is older).
By the way, yahoo is older than bidu then therefore yahoo should be at $5000/share. Also, Thomas Chong is
a new analyst therefore his salary should be $1/day.