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Thursday, July 21, 2011

Smart Play in a Turbulent Market - Qihoo 360 Technology Co

While the market has been on turbulent ride recently - going down 100 points in a day and up 100 points the next day, this Chinese internet security company has been going up steadily from $16 per share to $25 per share and did not have the same volatility as the market.  The name of the company is Qihoo 360 Technology Co (NYSE:QIHU), which provides internet and mobile security products in China.  

The company has been in rapidly growing mode from $16 million in revenue in 2008 to $32 million in 2009 and then to $56 million in 2010.  For the first quarter of 2011 the company made a historical $23 million, more than twice as much compared to same period last year.  This is a good investment to catch the rapid growing economy in China and steering away from the possible housing bubble at the same time.


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