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Baidu (BIDU -4.9%) is diving on worries Qihoo 360's (QIHU +8.1%) new search engine, questionable...
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Tuesday, August 21, 2012, 1:07 PM ETBaidu (BIDU -4.9%) is diving on worries Qihoo 360's (QIHU +8.1%) new search engine, questionable links and all, is a potential threat. ThinkEquity recently noted some companies are already seeing more referral traffic from Qihoo's search engine, which is tied to its popular browser, than Sohu's (SOHU) Sogou, the #2 Chinese search engine. S&P's Scott Kessler is defending Baidu in response.
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This news story has 10 comments:
Even if QIHU is not a good investment, BIDU will still be a good short.
1. Citron only serves itself;
2. Citron is not all mighty and is often wrong;
3. You are clueless about China.
BTW, QIHU is up another 15% today.
For someone, who doesn't speak Chinese and who has never used Baidu, and yet shows so much arrogance, I can only shake my head.
1. Yes. They are short sellers. They do point that out.
2. Give me specific examples; I am not aware of Citron being wrong except for Qihu in your opinion. Having said that I agree that no one is almighty including Citron, me, and you.
3. TY. What does that have to do with China at large? There is a lot of fraud there - so much that the government just yesterday had to release a 5 year plan to limit corruption.
4. It is new to me that one must speak Chinese to own Chinese stocks. I will have to sell a lot.
5. BIDU just had monster earnings! I do know how to read numbers. There is no reason to short BIDU other than to go swimming.
6. I have a brain and investigated Qihu in much more detail by now. They are a bit aggressive but I kind off like that. I bought some $23 calls.
7. You do NOT have to speak Chinese to use Baidu. Go figure that one out ;P