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Recs
The stock is a strong play on Mobile and Internet in China. Investors are putting a big premium on these areas. The stock will go up as it gets closer to the 5/20/13 report. Just don't hold it through the report.
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Qihoo seems to be the new kid on the block and investors see that it is taking market share by storm. Invest on the way up.
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Regardless of what some say about their business practices, Qihoo is now a major player in the China search market. This is an area of long-term growth and a place I want to be as the Chinese Internet userbase continues to grow. Also, their recent partnership with Google is a positive catalyst. Analysts continue to raise price targets, so I will too. $40 by mid-2013.
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spec play. thinking BIDU is more like YHOO/MSFT in China and QIHU is the real Google
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plenty of growth in China's internet space.
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Poor CEO, Poor Products, Disrespecting Users: http://www.fool.com/investing/general/2013/01/08/the-1-company-you-need-to-avoid-in.aspx
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There's room for QIHU and BIDU in the Chineese internet boom.
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Expanding into Search
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Set to go with wireless...
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Because the Chinese market seems to expand very fast.
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I took one look at the balance sheet and market cap
One look at the site and its supposed business model
Promptly rolled my eyes and downthumbed it
Recs
this company is going to cave in on itself. they are an unattractive acquisition candidate compared to sohu which is now trading at a 52 week low range. their consumer internet ambition won't outpace the margin drag on the legacy software components, which are boring.
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Citron compares the valuation of this company with it's chinease competitors and it apears to be massively overvalued at it's current price.
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WS will keep it going for IPOs anniversary, but after that... Who would want to own this
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Weakening economy is specific areas will drag this one down.
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Way to overvalued at the current price. If it is not a fraud then $7 is a more accurate reflection of its value.
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Citron
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Creative and quality products, very useful, big user base, relatively easy to get money
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Greatly overvalued, even if it wasn't a fraud, but as it really seem's a fraud, the price should join before the end of the year the value of LFT if the SEC don't halt the quotation as for LFT.
Recs
Fraud!
http://www.citronresearch.com/index.php/2011/11/01/citron-reports-on-qihoo-360-nasdaqqihu/
I cannot believe I didn't come across this stock before. Even if the company wasn't a fraud, this valuation is truly astounding.
Why does this company have a 2 billion dollar market cap? WHY? WHY? WHY?????????????
I know that most investors don't have any common sense, but come on! The company had 58 million in revenues last year, why on Gods all mighty earth would investors be willing to pay 2 billion for it? Even the 58 million is probably not true considering the company is a massive fraud.
I must be living in some kind of alternate reality where paying more than 100 times what something is worth is smart investing.
I just know one thing for sure. Idiots who make investment decisions such as this will make me very rich. Because the intelligent investor knows that common sense, above all else, is the most important thing in investing.
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