From the Stifle report:
Qihoo management is highly credible and strategically brilliant. We look forward to being more constructive on the shares in the future.
Sounds like someone missed the ride up...
Selling half or a percentage seems to be the smart move here, even as companies have beaten earnings- it appears the general movement is to sell off after the announcements.
Hate to be on the sidelines or reduced, but my thought that the potential for a huge down move is more likely than an up move after the announcement.
Goldman was a liar and a buyer!