Fraud, corruption, and extra-marital affairs, in the eyes of Chinese, are common practice. Possible fraud in VIPS is no surprise to me.
I don't encourage you to commit fraud, but please hire some expert accountants to make your financials look as attractive and sexy as legally possible to investors.
They are indeed very good to let ordinary people believe in them. They outsmart 99.99% of the people. But, if they make it look too perfect, sooner or later, people will find out ... They are digging their own graveyard!
This company is located in Guangzhou, China. People in Guangzhou are notoriously business liars. But, you can choose to continue to believe in them as long as you can sleep well at night.
Easy to answer your question. I made a mistake guessing the bottom and then didn't cut my loss short. I wanted my money back badly. On the other hand, from its bottom to the current price, QIHU made a 40% gain. How many other stocks you own can make such a huge gain in such a short period of time? I'm not greedy and I want to lock in the 40+% gain. Unless having a superb earnings report, it won't go much higher given the 40+% gain already made. It's mainly an anti-virus software company after all.