MR: The odd tiger is attacked by short institutions will uncover its mystery

Source: Internet
Author: User
How many short organizations in the anti-virus software company Qihoo 360? The problem itself seems odd, as the company, which has a Chinese name for "Strange Tigers," has been concerned about the fact that the firm is questioning its data. This has been the third such report since the end of last year, reflecting the widespread scepticism of many about the company and its controversial family. But when the company's data were questioned, investors often seemed blind to every warning that the company might have problems. Let's take a look at the latest attack. Last week, the shorting agency Anonymous analysis (Anonymous Analytics) released a report that Qihoo user data could be heavily watered down. The report spurred a 4% per cent drop in the company's share price, prompting the Qihoo to make a statement denying it. There was an interesting twist after the incident, when an unrelated law firm issued a statement the next day saying it was investigating the matter, a prelude to shareholder action. The latest attacks and independent investigations by law firms all contain economic motives, and some companies are making profits by creating doubts about Qihoo. Late last year, Citron, a short body, also launched a series of similar attacks. Earlier this year, Forbes also issued a report questioning some of Qihoo's data. In my opinion, the magazine was thoroughly investigated before it was published in a carefully researched and fully-adequate report. While shorting institutions and law firms apparently want to take the profits of the fisherman, the odd tiger is always in the controversy and the Forbes question the company's data, which makes me feel strongly that all these doubts are at least unfounded. However, despite the heavy questioning of Qihoo, investors are indifferent, which makes people quite surprised. After falling 4% per cent last week, Qihoo shares have largely regained ground in the New York market in Tuesday. The company's share price has fallen more than 20% per cent since the attack began last year, but its share price has been surprisingly resilient every time it was hit by a negative report. In fact, the latest attack on the Qihoo was only one of the most recent attacks. Since last year, foreign-listed Chinese companies have been spreading accounting scandals, giving short institutions the opportunity to issue reports, creating doubts about these companies in order to profit from them. Last month, the Hong Kong-listed company Evergrande Property <3333.HK> also suffered similar sniper. Since I've only seen statements involving companies and short reports, I can't comment on such things. But in the case of Qihoo, the company has been repeatedly and repeatedly attacked, and it has been controversial before the attack, which makes me feel that the company's mystery remains to be uncovered, and the final outcome will be dramatic, with time likely before the end of the year. Bottom line: Qihoo's latest attack on a short institution is the latest ripple of the company's mystery, or a dramatic ending over the next six months. (Mr for NetEase science and technology, reproduced please indicate the source.) The article only represents the author's own opinion) the author: Mr (Doug Young) is a senior financial reporter, has been a Reuters correspondent in China, editor 10, mainly reported the news of China's listed companies, is now in Shanghai. See (www.youngchinabiz.com) his English blog. His column is an online community tailored for Chinese investors and investors, and is available to a wide range of individuals such as retail and fund managers. Blogging is not about simply reporting news facts and market heat, but about digging up the deep meaning behind the news with wise reviews.

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