Getting close to fully flush the Momo and short investors.Weak downgrade!
Credit Suisse downgrade was very speculative . it was all hat and no meat. No data but their own spin of their own interpretation .Its looks similar to the shorties on this board.This will start going up tomorrow.
credit suisse downgrades from 156 to 115 saying there's going to be stiffer competition on web security? as if it's breaking news that web security is a competitive space..lol... looks like the analyst was just looking for a reason to bring his outlying pt nearer to where the prevailing pps is...qihu is deeply entrenched in all its segments and should do well over time, especially since all the pies it serves will continue expanding at a rapid clip...
Today's price should be close to the bottom. Most internet security stocks went up sharply tonight in A-share Shanghai Comp. 2014 China Internet expo began yesterday. Several high ranking government officers emphasized the vital role of security to the all industries and asked the full development of Chinese own operating and security systems. Given the excellent top and bottom 2QR numbers, I expect the price to reverse up from here. Btw, I see everyone I know in China is using 360 and can not see the reason for downgrade yet.