So far the stupid management just keep quiet, don't tell people what they did during the days on Mar 3-6 and no earnings date releases, NQ will surely continue down until any news out. Of course I keep buying more every movement it goes down from here.
But I think the matter of NQ makes people disappoint is they still haven't released earnings date and said not thing about what the 2 guys did on Mar 3 and Mar 6. I wrote more April and June calls. NQ will fly to $24 once they release any news.
The management only keep silent gives short great chance to create profits. No earnings date, no reports about what they did on Mar 3 to Mar 6.
I am long in QIHU, I also wish it will be going up to $135 today, but I have a different thought, it already up $24 in the last 2 weeks before earnings, it means all the good things are priced in. I am afraid the sell on the news--"SELLOFF--" will happen when market opens. I hope I will be wrong. Good luck to all.
Number is very good, but already up above 20% before earnings, I'm afraid that tomorrow will be the sell off day. Always remember SELL at the news. Ket's see.
Please read what he writes:"Take NQ Mobile (NQ), which makes mobile security and productivity software. It lost 47% last Oct. 24 when a short seller's report questioned its accounting. The stock has worked its way back near a high, but its chart is deeply flawed. The fundamentals were solid, but none of the top funds had it in their portfolio. That was a red flag." Please read another article writes by Justin Giles on Twitter:
Institutions who own shares of NQ.
Name Percentage Of Shares
Susquehanna International Group 2.15%
DNB Asset Management 2.73%
SC China Holdings 3.90%
ChinaRock Capital Management 4.44%
Bank Of America 5.83%
Kylin Management 6.2%
Capital Ventures International 6.3%
Morgan Stanley 6.3%
Oberweis Asset Management 6.6%
Toro Investment Partners 7.34%*
Altimeter Capital Management 17.3%**
It is very clear, why Kevin Hoover is lying, because he is trying to mislead investors.
This will be a last chance that shorts trying to pull down the stock price so that they could cover, next week on Mar 3, they have no more chance to do.
UPDATE: Mussy Waters Spokesperson Not Aware of New Muddy Waters Report But Carson Block Quote in Bloomberg Article May Have Caused the Drop.
Last update: 28/02/2014 12:48:17 pm
Spokesperson says there was nothing new in the comments given by Carson Block to Bloomberg.
UPDATE: Drop in NQ Mobile Shares May be Due to Upcoming Bloomberg Article
Last update: 28/02/2014 12:46:04 pm
What happens if the rumor comes truth? If they release the buy out tomorrow or next week before earnings. Maybe this is the reason the audit takes so long time not yet leases.
My 15 Feb 22 18.00 puts contracts that I sold last month @ 3.85 will surely expire worthless tomorrow, in fact I could collect about 6k premium, but I wish it will close below $18 tomorrow, so I could bought the share @18.
Algos sold 247k shares at last hour, TD Ameritrade posted this news, Yahoo has not. Next week watching for $20+
I wish NQ would close @$17.99 on Friday Feb 21, because I sold the Feb 22 puts strke $18 @2.51, so I could get the shares @18/share. In fact I hardly believe NQ will close below $18 next week.
Very positive news, but Yahoo has not posted this news, Yahoo sucks. I read this news from my stock broker TD Ameritrade.
It depends on what your trade is setting, if your trade is setting for good through extend hours, then it also can happen in extend hours. But this depends also what stock brokerage you use, TD Ameritrade can do this setting, Scottrader can't.
MS increasing their shares from 5.09% to 6.3%. I think other 3 will also increase their stakes for sure.