10/15/2014 – Qihoo 360
Qihoo 360, QIHU:
1. In our Tues. Oct. 7 Williams edge stock meeting Qihoo 360 (then trading at approx. $68.00) was put on a ‘sell’ for for a multi-day tradable decline to $60.50 (or lower). This represents an approximate 10% decline in the stock.
2. Today (Wed., Oct. 15) Qihoo completed the $60.50 downside profit target with today’s session low at $60.25. This is an important downside completion. Will message any further entry or indication.
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.