Concerning today...

[admin]

For the record I want to reiterate that I believe the initial weakness was due to the sector wide Chinese sell off.  Again as a reference point I saw QIHU, SFUN, YY, etc were down over 7% (4% for yy) on no news whatsoever.  BIDU was down etc.  US tech like FB didn't seem to be doing too hot either.

I think unscrupulous shorts seized on the opportunity and started spreading rumors into this weakness which then lent some credence to the rumors and they shook some people out.  Fear always trumps greed.  I've never been invested in a stock where I have seen so many outright desperate acts and so many obvious lies being spread on a large scale.  For a while it was all the short articles being meticulously timed to market open and places refusing to publish positive articles yet eagerly publishing extremely dubious attack pieces.  Now it's "fat finger" trades and Twitter lies, the level of desperation is obvious; that the SEC needs to stop some of this crap is obvious as well.

Chinese Macro-Market headwinds (which I believe are way over done at this point and will start to reverse in the next couple trading sessions) shouldn't apply AS DIRECTLY to NQ because unlike QIHU, BIDU, YY, etc, NQ has a large customer base outside of China!  QIHU and BIDU derive north of 90% of their revenues in China as do many of the other firms being corrected lately.  The market will have to wait and see of course but the earnings should prove that point especially moving into guidance for Q1-2014.

Plus I'm not convinced that the party is over in China already.  Most of the ERs I've seen, like SFUN, YY, QIHU, are all still very strong including serious YoY and QoQ growth.  Heck YY was showing like 470% YoY NI.  The fear about the Chinese stocks is coming from the Government's actions and the idea that they are basically not going to be as business friendly as they have been.  You know like they may actually let some businesses go under and that sort of thing.  It's not the end of the world IMO.

It's gonna be april in a couple of trading days and the markets are basically flat for the year, where do you think money managers and hedgies are going to be looking for gains??  My guess is that they will be buying up the oversold high flyers in China again.  Where else can they find 125%+ QoQ growth?

And again I pose to you all the question, WHAT, IF ANYTHING AT ALL, has changed regarding the bullish investment thesis for NQ?  In my mind nothing has changed with NQ this week except for the ER announcement which I view as purely positive.  Does anyone view the PR as negative in any way and if so please explain exactly how because I can't think of a single rational conclusion to be drawn negatively.  We know there are a lot of shorts out there who have been wrong and are desperate to get those positions closed out, possibly even feeling more pressured by quarters end.  It's a terrible feeling watching a day like today but it's a worse feeling to sell into a day like today then watch the stock bounce back and know you  were manipulated by unethical shorts.

Right on the mark again IMHO, Alfa