02/17/2015 – Qihoo 360
Issued: 02/13/2015
Qihoo, QIHU:
1. As noted in recent live meetings Qihoo has given early indications for an advance from current prices (current price, $60.86) to $73/$74 (or higher) into March 2015 (plus 1 month).
2. Therefore, Qihoo is now in a ‘Buy’ position for higher prices into March 2015.
3. An initial protective stop should be placed at $58.20. The stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 02/18/2015
Qihoo 360, QIHU:
1. As noted in recent live meetings Qihoo was in a ‘Buy’ position for higher prices into March 2015.
2. However, Qihoo declined today, hitting our protective sell stop at $58.20. This resulted in a loss on the entire position.
3. How Qihoo handles the $56.00 level remains important and may prompt re-entry. Will message any further entry or indication for Qihoo.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.