Qihoo 360 (QIHU), Joy Global (JOY) See Weakness on Muddy Waters Comments
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Qihoo 360 Technology (NYSE: QIHU) and Joy Global, Inc. (NYSE: JOY) see weakens after comments from noted short seller Muddy Waters.
On Twitter, Muddy Waters said:
"QIHU is probably the best example of the complete incompetence of the China analyst corps. No position in $QIHU - just find it repugnant."
"Yet $QIHU gets a price target increase on the back of this. We feel Citron's case that $QIHU is a fraud is convincing:"
"Now Taobao sellers are starting a Boycott 360 campaign b/c they believe $QIHU is behind commission diversion"
"$QIHU's browser code has allegedly diverted seller commissions to other accounts. First alleged in Nov. $QIHU denied:"
In a China mood today b/c some interesting stories: $QIHU and $JOY. First, $QIHU. Taobao sellers are accusing $QIHU of stealing commissions:
On Twitter, Muddy Waters said:
"QIHU is probably the best example of the complete incompetence of the China analyst corps. No position in $QIHU - just find it repugnant."
"Yet $QIHU gets a price target increase on the back of this. We feel Citron's case that $QIHU is a fraud is convincing:"
"Now Taobao sellers are starting a Boycott 360 campaign b/c they believe $QIHU is behind commission diversion"
"$QIHU's browser code has allegedly diverted seller commissions to other accounts. First alleged in Nov. $QIHU denied:"
In a China mood today b/c some interesting stories: $QIHU and $JOY. First, $QIHU. Taobao sellers are accusing $QIHU of stealing commissions:
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