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Qihoo 360 Technology Co. Ltd. Message Board

hewhaaa 21 posts  |  Last Activity: Jun 24, 2015 10:56 AM Member since: Dec 28, 2001
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  • hewhaaa by hewhaaa Jun 24, 2015 10:56 AM Flag

    truth is finally coming out that the 60 minutes expose was a crock. This stock is wound tight like a spring waiting to pop. No looking back. Bottom is in place at $20, and it's up from here. The price action over the last two days is without any mainstream headlines (other than the note on seeking alpha from the test agency denouncing the conclusions based around their test results). Wait till the news starts hitting the real wires. Also, if the test agency won't back their results in court, what other basis is there for any of these lawsuits? Without the 60 minutes report, there is no sound basis for any of the lawsuits. No one has suffered any real direct damages other than the panic created by 60 minutes.

    Sentiment: Strong Buy

  • Reply to

    Benchmark Labs backing out - all cases dismissed

    by saturnabc Jun 23, 2015 11:28 AM
    hewhaaa hewhaaa Jun 23, 2015 12:13 PM Flag

    Benchmark is really back tracking to separate itself from this snow job. Either they are worried about lawsuits from the misrepresentation, or possibly they think Home Depot may buy LL. I would imagine Home Depot is potentially one of their largest customers. They would not want to upset them by dragging LL through the mud. I find it interesting that the Lab broke ties with Whitney on the day that the Home Depot rumor started. This may give soime credibility to the rumor.
    I still think Bechmark has opened themselves up to liability lawsuits. They were acting as the 'expert' in the matter, and should have known better. They knew the tests were misleading, and yet they still made all of the damming statements on 60 Minutes. I think if anything, their confession makes a lawsuit much easier to prove.

    Sentiment: Strong Buy

  • Reply to

    That Seeking Alpha Article

    by kase9700 Jun 23, 2015 9:37 AM
    hewhaaa hewhaaa Jun 23, 2015 11:48 AM Flag

    $20 is the floor for this stock. Initially it hit $20 and bounced on strong volume. It has since re-tested the support level three times. Yesterday was the third time it tested the support level. I think it is going up because of technical factors - all of the sellers dried up at $20. It will be nice if we can stay above $21 at the close. I think even Whitney realizes he can only short so many shares. The more he tries to drive the price down, the harder it will be to cover. His greed may ultimately be his demise by setting off a very tight squeeze. Today it is going up without any headlines. Imagine if some truly good news hit the wire.

    Sentiment: Strong Buy

  • hewhaaa by hewhaaa Jun 12, 2015 10:41 AM Flag

    I find it interesting that today's article had very little effect on the stock price early this morning when it was released. Only after an hour of trading is the stock responding. I would assume this is the start of the long awaited short squeeze that I have been predicting. With approx. 37% of the shares short, it will be a very violent spike as shorts panic to cover. With all of the naked shorting, soon the brokerage firms will involuntarily close the short positions at market price, furthering the spike. To test the liquidity of the shares, I just tried shorting 100 shares through Ameritrade. There is no availability of shares to short. A very, very good sign for the longs. This stock is like a tightly wound spring and it will take days for it to unwind.

    Sentiment: Strong Buy

  • hewhaaa hewhaaa Jun 12, 2015 10:27 AM Flag

    The lab must be worried about lawsuits for their assistance in manipulating the stock price. They are not independent and unbiased - their owner is also the president of the North American Association of Flooring Manufacturers whose sole purpose is to promote flooring made in North America ( who coincidentally all use this testing agency to monitor their flooring).
    The article states they have terminated their relationship with the shorts sellers - What did this 'ongoing' relationship consist of (other than being hired to test the flooring)? Bottom line, I think the laboratory will still be held liable. They knowing provided tests that they knew would provide inaccurate results, but they did it anyways. I hope the lawsuits start flying in their direction!

    Sentiment: Strong Buy

  • Reply to

    Granny Lies

    by kase9700 Jun 10, 2015 10:33 AM
    hewhaaa hewhaaa Jun 11, 2015 6:39 PM Flag

    Still pumping that fake number of 350+ lawsuits. As requested yesterday, please provide your source for such an erroneous number.

    Sentiment: Buy

  • Reply to

    Off-Topic... Baby Sister...

    by biff_smith1 Jun 10, 2015 12:21 PM
    hewhaaa hewhaaa Jun 10, 2015 9:08 PM Flag

    My favorite is Melanie Griffith in Working Girl. Unfortunately, she's a train wreck nowadays with her plastic surgery.

  • Today I have lost respect for Zacks news service. They are nothing more than a propaganda machine controlled by the fund managers. Today they published a 'breaking' news story, twisting the EPA nonsense from last Friday as if it just occurred. They construed the EPA's response to state that the home testing is 'pointless' because there are no standards for formaldehyde. Did the EPA really say this in this fashion? Further, they throw out statements like "...although the EPA will take no legal action against LL..." Why would they take legal action when LL has done nothing wrong?
    Furthermore, they throw all of the old news into this article - officers leaving the company, 100 lawsuits, even an earnings miss from six weeks ago! The shorts are really desperate. This Zacks article is throwing everything at the wall to see what sticks. In the absence of any really news, the propaganda machine has to give the appearance that LL's future is bleak. What is their real motivation? Tilson has blown his load and is grasping at straws at this point.

    Sentiment: Strong Buy

  • hewhaaa hewhaaa Jun 9, 2015 3:48 PM Flag

    Buffet is an investor. He never shorts stocks.

    Sentiment: Buy

  • Reply to

    Not to mention these suits.

    by kase9700 Jun 9, 2015 12:20 PM
    hewhaaa hewhaaa Jun 9, 2015 2:43 PM Flag

    From the latest regulatory filing. It was 103 lawsuits, but a few have been added over the last couple of weeks (like the one from Robertson regarding the abrasion resistance). Where is your source for 350+, other than from another idiot on this board? The facts are what they are, and you are pulling numbers from thin air. I hope all of the shorts hold tight onto their positions. It will be make a very violent squeeze when any good news eventually comes out.

    Sentiment: Strong Buy

  • This was the second test of this level and it held. Let's see if we turn positive by the close.

    Sentiment: Strong Buy

  • Reply to

    Not to mention these suits.

    by kase9700 Jun 9, 2015 12:20 PM
    hewhaaa hewhaaa Jun 9, 2015 1:32 PM Flag

    Last count was about 110 lawsuits, not 350+. Most will be dismissed. The remainder will be consolidated into 2-3 class action lawsuits. Whether or not the formaldehyde levels turn out as non-compliant, there are no real damages to most people. 97% of the home test kits came back normal. Thus, these customers will not be able to claim anything in damages even if the ruling goes against LL. The formaldehyde levels decrease over time. Within a few months, all levels will go to zero. Thus, no reason to replace any flooring. Biggest expense will be legal fees to defend themselves.

    Sentiment: Buy

  • Reply to

    *** LL Fair, Full Value $12 ***

    by shmickersmack Jun 9, 2015 9:21 AM
    hewhaaa hewhaaa Jun 9, 2015 12:57 PM Flag

    It has nothing to do with any of that. Lawsuits are based on actual damages, nothing else. What damages to people have from 'unjust enrichment'? What is unjust enrichment?

    Sentiment: Buy

  • Reply to

    Pathetic Spin

    by hewhaaa Jun 8, 2015 5:57 PM
    hewhaaa hewhaaa Jun 8, 2015 6:13 PM Flag

    The statement from the EPA is against LL. From the very start, LL said the purpose of the test was to identify if any high levels of formaldehyde did exist in any of their customer's homes. If high levels were present, it would then warrant further testing to determine the source of the formaldehyde (such as new carpeting, furniture made with MDF laminates, shelving, Whitney Tilson spilling bottles of formaldehyde on the floow, etc.
    Of course the EPA cannot take a stance on the test methods, because they do not have any standards for testing. Of course they cannot take a stance on whether the levels are acceptable because there are no set standards from the EPA. The levels used by LL are from the exact same study that the EPA is considering to use in develop their standards. What better study could LL use than this one? This article isn't negative towards LL. It should instead be considered an indictment of the EPA for condemming LL when they have no standards for judging them.
    I read this article and view it as a positive for LL. How can the EPA find LL in non-compliance of standards that don't exist? The home test kits proved one major positive for LL. 97% of the kits came back with acceptable levels. This means that 97% of their customers cannot claim damages in any of the pending lawsuits. Further testing should eliminate the other 3%. It will reveal that the formaldehyde is from other sources as discussed above. Yet at the same time, the short spinsters spout out the negative headlines and the sheep jump in.

    Sentiment: Strong Buy

  • hewhaaa by hewhaaa Jun 8, 2015 5:57 PM Flag

    Once again, we see the spinsters manipulating the stock price down by the supposed 'news". The headlines read the EPA is scrutinizing LL test methods. The articles imply that LL home test kits are flawed and not acceptable. This is just not the case.
    Below is the exact paragraph taken directly from the EPA's website. The only comment the EPA made was on a question & answer page, and who knows how long ago it was posted. Directly from the website:
    "13. Lumber Liquidators is providing test kits for formaldehyde in indoor air to customers who purchased their laminate flooring. In a letter to some of those customers, Lumber Liquidators references a draft EPA toxicological review on formaldehyde to support Lumber Liquidator’s conclusion that the formaldehyde levels in those consumer’s homes were similar to typical levels in other U.S. homes. Does EPA support Lumber Liquidator’s testing program and conclusions?

    EPA has not taken a position on the Lumber Liquidators testing program but cautions the public that air testing may not provide useful information due to the uncertainties of home air testing, the lack of widely accepted health based standards for formaldehyde levels in indoor air to compare test results, and because air testing does not provide information on specific sources of formaldehyde, such as laminate flooring.

    The “normal indoor air” levels cited in the Lumber Liquidators’ letter to its customers originate from a paper published in 2010 entitled Formaldehyde in the Indoor Environment, by Dr. Tunga Salthammer. This document is one of many studies referenced in EPA’s external draft document, Toxicological Review of Formaldehyde Inhalation Toxicity: In Support of Summary Information on the Integrated Risk Information System (IRIS). This draft toxicologial review does not represent a conclusion by the Agency on the safety of formaldehyde levels in homes. An electronic copy of the Salthammer study is available from the U.S. National Library of Medicin

  • Reply to

    Government a bit slow

    by bull_dot_com Jun 8, 2015 4:49 PM
    hewhaaa hewhaaa Jun 8, 2015 5:49 PM Flag

    You are forgetting that the core samples were tested by LL prior to gluing the top layer onto the wood matrix. They were tested and passed in an independent testing agency in China during the manufacturing process. Everyone forgets that LL did everything required by CARB to be in compliance. Only when two alleged employees (who still have not been identified) claim the contrary, everyone assumes LL is guilty and the products are non-compliant. The testing performed on 60 minutes is not the primary test required by CARB, Grinding off the surface of the flooring to get at the under layers is not an accurate way to get a core sample. The testing agency on 60 minutes knew they would get erratically high levels with this type of test, and that is why they did it. The test agency on 60 minutes is not 'independent' and unbiased. The owner of the agency is also the president of the North American Flooring Manufacturers Association. The sole purpose of this association is to promote flooring made in North America. Prior to this 60 minutes farce, the association had already filed numerous law suits against Chinese flooring manufacturers. How can CBS journalists claim this story is unbiased?
    The reason that LL (and all other manufacturers) don't use the deconstructive testing is because it has been acknowledged (even by CARB themselves) that it will give erratic and high test results. The grinding of the material releases formaldehyde that is normally sealed within the substrate. That is why it will inherently give high results. The flooring has different densities from the bottom to the top. Depending on how deep they plane off the surface, it will give different results for the same piece of flooring. That is why CARB chose not to use this test because it will not provide consistent data. They do allow it as a backup test (if the core cannot be tested prior to gluing the top laminate layer). However, no manufacturer uses it because of the inherent flaws in the test.

  • hewhaaa hewhaaa Jun 5, 2015 10:50 PM Flag

    This was announced well over a month ago. LL is suing the insurance companies to force them to honor their coverage.

    Sentiment: Strong Buy

  • hewhaaa by hewhaaa Jun 5, 2015 9:35 PM Flag

    I believe Ll goes higher from here. The news of the CCO resignation broke on Tuesday. Whitney Tilson played the old news again on Thursday. That tells me he has spent his load, and is desperate for anything to drive the stock price down. Why else would someone pretend two day old news is a major breaking story? At this point in time, about 37% of the outstanding shares are short. If anyone (i.e., Carl Ichan) took a small position in the company, they could really set off a short squeeze. I assume some smart investor realizes this situation, and would like to capitalize on the opportunity. The stock seems to have found support just under $21, and that price support could be someone accumulating a large position.. Also, earlier this week, Bezinga had an option alert that someone purchased about 2364 contracts for the August $30 calls. Small data points showing the tide may be finally turning.

    Sentiment: Strong Buy

  • hewhaaa hewhaaa May 8, 2015 11:03 AM Flag

    They didn't pull the Chinese flooring because it is unsafe. They pulled it because it has become a PR liability and a huge drag on the business (it has cost the shareholders about $1.2 billion). That is why they released the preliminary home test results (proving it is safe) at the same time they made the announcement to pull the Chinese stuff. They didn't want any idiots to suggest it was pulled because it was unsafe. Otherwise, it might appear they were pulling the stuff because they found it was unsafe (which could be construed as an admission of guilt). The benefits of selling the Chinese flooring is far outweighed by the negative PR liabilities.
    It's a shame they had to do it, but it was the right move. Do you know that the owner of the company that did the 60 minutes testing is also the head of the trade association promoting the North American Flooring Manufacturers? Before the 60 Minutes episode, he had previously filed numerous lawsuits against other Chinese flooring manufacturers. That is his job - promote the North American Flooring manufacturers and slam the competitors. Again, shameful that 60 Minutes would select him to do the testing as an 'independent' and 'unbiased third party'. They should all be exposed and put in jail.

    Sentiment: Strong Buy

  • Reply to

    Direction is clear 30s coming soon

    by jgreenstein3412 May 8, 2015 9:47 AM
    hewhaaa hewhaaa May 8, 2015 10:46 AM Flag

    Price will be back up around $43-44 within a few months. It could overshoot significantly if a short squeeze occurs (highly likely considering about a third of the shares are short). Good support right now at $26.80-$27, and I expect this to be the bottom.

    Sentiment: Strong Buy

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