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Baidu (BIDU -4.9%) is diving on worries Qihoo 360's (QIHU +8.1%) new search engine, questionable...

Baidu (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.
Comments (10)
  • alx.botelho
    , contributor
    Comments (64) | Send Message
     
    unbelievable. QIHU rising 8%! companies with accounting irregularities and questionable ethics should be delisted...
    21 Aug 2012, 01:17 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    QIHU is under fire from Muddy Waters as far as I know. They recommend SOHU strongly. I personally am happy about such unwarranted pull backs of BIDU and used the 6% discount to load some more to my large BIDU holding. One should probably buy puts on QIHU - I am looking into that right now. I can just see the next Muddy Waters article coming soon after this - lol.
    21 Aug 2012, 02:46 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    Sorry, replace Muddy Waters with Citron Research. It was Citron.
    21 Aug 2012, 02:48 PM Reply Like
  • pjwraw
    , contributor
    Comments (29) | Send Message
     
    average PT on Bidu is 180. This is an over reaction. Bidu is a great investment!
    21 Aug 2012, 03:54 PM Reply Like
  • linconj
    , contributor
    Comment (1) | Send Message
     
    There wouldn't be any Chinese stocks!
    21 Aug 2012, 03:58 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    Qihoo 360 is ubiquitous on Chinese PCs, and clueless Yanks are still nitpicking minor things.

     

    Even if QIHU is not a good investment, BIDU will still be a good short.
    21 Aug 2012, 11:32 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    Citron is clueless Yanks? You are funny.
    22 Aug 2012, 06:56 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    You are even funnier because:

     

    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.
    22 Aug 2012, 10:03 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    What is the P/E on QIHU again? Learn some numbers please.
    22 Aug 2012, 10:40 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4059) | Send Message
     
    A couple answers to you:

     

    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
    22 Aug 2012, 11:56 AM Reply Like
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