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Qihoo 360 Technology Co. Ltd. Message Board

  • pere_joseph pere_joseph Aug 25, 2014 11:12 AM Flag

    tape tells us that underlying strength will take QIHU higher

    There are a big number of High Frequency trading houses that jump on any sign of weakness (or strength). They take out the stop losses at high frequency. This will strengthen the downward pressure in itself. But the stock turned around at 92 and started to move up gradually. This means the HF traders ran out of steam and more buying coming in. No need to lose sleep over this stock. This will move much higher in the coming month's (given the markets overall stay ok, which I expect).

76.920.00(0.00%)Jul 15 4:00 PMEDT