bIG RESISTANCE COME UP SOON
Sell at open
Check history before you buy.
Do it now to flush out
Higher expectation always produces disapointment.
Be a patient for a much lower price.
More downside pain for the index
China mobile is going to kill aapl now
Price volume never lies.
Not like NFLX which is all the way down to earnings report.
The 200 day MA is not that far by the way.
1987 is here.
Strogn rally will emerge after recent rout.
J.P. Morgan suggests we buy Hong Kong-listed Internet companies or those with structural stories:
We suggest investors maintain positions in HK listed high quality Chinese Internet names (e.g. Tencent) while the US listed names go through turbulence. In Dec 2012, Tencent outperformed Baidu (BIDU) by 22% and Sina by 31%. We suggest investors accumulate US-listed Chinese Internet names that are likely to benefit from structural changes in China Internet in 2014 (Qihoo (QIHU), Ctrip (CTRP) and YY (YY)).
SO take it easy folks and buy QIHU for a real breakout over 100 really soon.
China's Qihoo 360 denies Alibaba to take stake in company
BEIJING Thu Jan 9, 2014 2:43am GMT
Qihoo 360 Technology Co Ltd
Jan 9 (Reuters) - Chinese Internet company Qihoo 360 Technology Co Ltd denied on Thursday that Alibaba Group Holding Ltd would take a stake in the company.
"These are rumours someone has made up," said Qu Xiaodong, vice-chairman of Qihoo, which has a market capitalisation of $10.93 billion. Qihoo's shares had risen 9.3 percent on Wednesday on speculation the two were in talks on a deal.
Alibaba said it does not comment on rumours or speculation.
J.P. Morgan China Internet analyst Alex Yao says:
We don’t expect the ruling to be disruptive to China ADRs’ 2013 annual report audit, which is supposed to be filed with the SEC by 30 Apr 2014. This is because the decision to suspend the four firms is not final or legally effective until it has been fully reviewed and approved by the SEC. We expect the big four audit firms to appeal the review immediately. Before a conclusion is drawn by the SEC, the audit firms can continue to serve all their clients. This means any trading suspension of the China ADRs would not take place until May 2015 at the earliest, in the worst-case scenario.
However, “stock market is likely to overreact to this headline risk in the next few weeks given the historical precedence,” said Yao. For instance, Sina Corp.‘s (SINA) shares dropped 22% in December 2012 after the SEC started a similar case. Sina’s shares did recover after a month or so.
早盘，两市双双低开，开盘后，房地产(行情 专区)等权重板块率先发力，有效带动股指上行，并且迅速翻红。此后，板块联动效应显著，纷纷呈现上涨态势，再次推动股指走高，沪指盘中一度站上2060点。此外，中小创业板(行情 股吧 买卖点)继续上行，创业板更是四连阳继续帅新历史新高。