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iQIYI, Inc. (IQ)

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25.17+0.57 (+2.34%)
As of 2:08PM EDT. Market open.
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  • P
    For the IQ longs that are also "long in the tooth" like me, there's this:
    The back nine....
    You know... time has a way of moving quickly and catching you unaware of the passing years.
    It seems just yesterday that I was young and embarking on my new life.  Yet in a way, it seems like eons ago, and I wonder where all the years went. I know that I lived them all. I have glimpses of how it was back then and of all my hopes and dreams.
    But, here it is... the back nine of my life and it catches me by surprise... How did I get here so fast? Where did the years go and where did my youth go?
    I remember well seeing older people through the years and thinking that those older people were years away from me. and that I was only on the first hole and the back nine was so far off that I could not fathom it or imagine fully what it would be like.
    But, here it is... my friends are retired and getting gray... they move slower and I see an older person now. Some are in better and some worse shape than me... but, I see the great change. Not like the ones that I remember who were young and vibrant.. but, like me, their age is beginning to show and we are now those older folks that we used to see and never thought we'd become.
    Each day now, I find that just getting a shower is a real target for the day! And taking a nap is not a treat anymore... it's mandatory! Cause if I don't nap of my own free will... I fall asleep where I sit!
    And so... now I enter into this new season of my life unprepared for all the aches and pains and the loss of strength and ability to go and do things that I wish I had done but never did!! But, at least I know, that though I’m on the back nine, and I'm not sure how long it will last... this I know, that when it's over on this earth... it's over. A new adventure will begin!
    Yes, I have regrets. There are things I wish I hadn't done... things I should have done, but indeed, there are many things I'm happy to have done. It's all in a lifetime.
    So, if you're not on the back nine yet.. let me remind you, that it will be here faster than you think. So, whatever you would like to accomplish in your life, do it quickly! Don't put things off too long!! Life goes by quickly. So, do what you can today, as you can never be sure whether you're on the back nine or not!
    You have no promise that you will see all the seasons of your life.... so, live for today and say all the things that you want your loved ones to remember.. and hope that they appreciate and love you for all the things that you have done for them in all the years past!
    "Life" is a gift to you.  The way you live your life is your gift to those who come after. Make it a fantastic one.
    Remember "It is health that is real wealth and not pieces of gold and silver.
    LIVE HAPPY IN 2020 & beyond!


    ~Going out is good... Coming home is better!

    ~You forget names.... But it's OK because some people forgot they even knew you!!!

    ~You realize you're never going to be really good at anything like golf.

    ~The things you used to care to do, you aren't as interested in anymore, but you really don't care that you aren't as interested.

    ~You sleep better on a lounge chair with the TV 'ON' than in bed. It's called "pre-sleep".

    ~You miss the days when everything worked with just an "ON" and "OFF" switch..

    ~You tend to use more 4 letter words .. "what?"..."when?".. ???

    ~You notice everything they sell in stores is "sleeveless"?!!!

    ~What used to be freckles are now liver spots.

    ~Everybody whispers.

    ~You have 3 sizes of clothes in your closet....
    2 of which you will never wear.

    ~~~But Old is good in some things: Old Songs,
    Old movies, and best of all, OLD FRIENDS!!

    Stay well, "OLD FRIEND!"
  • N
    Unusual options action yesterday. 34K contracts or 3X avg volume, 94% calls, 6% puts. 1/2 this volume was calls @24.00 and 24.50 strikes that expire this Friday. MMs also filled an additional 1.5M shares of MOC buy orders after close.
  • T
    IQIYI joins StarHub
    October 29, 2020
    StarHub has announced a partnership with iQIYI for customers to have access to some 3,000 of the most popular Asian dramas and movies on their mobile phones or TVs through the Singapore entertainment service, StarHub TV+.

    Boasting one of the largest Chinese content libraries in the world, China-based iQIYI becomes the seventh OTT entertainment service to be added to StarHub’s growing stable of partners.
  • S
    Steve J
    Since early Sept...

    * Volumne 1/2 of normal since and price has consolidated between $22 - $24 ahead of Q3 warnings.

    * Accumulation...through the roof ( This has accelerated lately but has been steadily increasing since Jan).

    Q3 earnings in the next 1-2 weeks.

    Many positives out of IQ lately.

    Next up should be a statement concerning the SEC probe. I believe that will be positive and with everything else ty hat has been released a major jolt to pps could push IQ past serious resistance at $27 range and new 52 week highs.

    Alexa web analytics continue moving iQiyi higher in worldwide rankings as the company now sits at a ranking if 152 WW. IQ ranked 198 on January 2nd of this year. This power move up worldwide goes directly to popularity, new sub adds which generates top line ad revenues and ad pricing.

    The company is releasing a tremendous amount of new content and continues to expand outside of China. Signing new deals with the leading providers throughout the Region.

    It's all good....and exactly what management has told us they would do.
  • N
    Just to address the "lost opportunity costs" argument by owning IQ, made multiple time on this board: Over the past 365 days, S&P +12.18%, Nas +33.50%, IQ + 41.71%. Lost opportunity costs seem to now only apply to those who've made the argument.
  • P
    "Best Creative" Award at Busan's Asia Contents Awards
    Sun, October 25, 2020, 9:48 AM EDT
    BEIJING, Oct. 25, 2020 /PRNewswire/ -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or 'the Company'), an innovative market-leading online entertainment service in China, announced that its original series The Bad Kids won the "Best Creative" award (the "Award") at the 2nd Asia Contents Awards. The Awards is organized by the 2020 Busan International Film Festival was held in Busan, South Korea on October 25. Rong Zishan who was featured in the TV show won the "Newcomer Actor" award. Other drama series that were nominated for the award of "Best Creative" include Netflix's Crash Landing On You, JTBC's The World of the Married and Taiwan CTV's Someday or One Day. The Bad Kids became the first Chinese TV series to win the award of "Best Creative" at the Asia Contents Awards.
  • P
    and the pucker factor in Basherville is pegged!
  • R
    $50 around the corner
  • h
    This stock should be around $100.00 per share
  • J
    Hey Paula, what do you have to say now? I said yesterday it was acting like someone knew something was coming Thursday or Friday. Today it is acting more like the same. No news and a run down and then up in price.
    What would you call that kind of action?
  • F
    Ha, green in the red sea! Something is going on. Be patient, longs!
  • N
    Short Interest Update: Just Released: 10/15 settlement: 38,749,181 shares short: 3.75% or 1.5M shares less than previous report. Short Ratio: 15.88 (days needed to cover), due to such low volume lately = Extraordinary short squeeze potential for traders.
  • J
    Can I buy please all your shares....PPPPLEASE!!!
  • C
    Cubs Win!
    A lot needs to happen for IQ to break out of its trading range and run past its 2020 high ($27) and build momentum towards its all-time high ($46) including; CEO needs to present the plan to profitability and stronger cash flow (sub projections, pricing, investment plans, earning guidance, etc.) and then IQ need to hit or exceed those marks each quarter. Also, SEC investigation needs to finish, get the election behind us, US - China relations need to improve, the economy and markets need to be strong and of course with no end in sight Covid is a wild card. As I said, a lot needs to happen...
  • E
    Looks like 22.30-40 was a double where will it lead us?

    24.50-25 may be resistance...interesting that volume is picking up a bit...

    Chinese equities are doing well as their economy has recovered quickly...

    Fundamentals will carry the day
  • S
    Steve J
    Motley Fool:

    Are Baidu and iQiyi's Short-Seller Headaches Finally Over?

    iQiyi refutes Wolfpack's accusations with an internal audit, but the SEC hasn't concluded its probe yet.

    Leo Sun 10/17/2020
    Oct 17, 2020 at 12:00PM
    Back in April, Chinese video streaming company iQiyi (NASDAQ:IQ) was hit by allegations of fraud. Wolfpack Research and short-seller Muddy Waters, which spotted Luckin Coffee's fraudulent accounting before the regulators did, accused iQiyi of inflating its revenues by 27% to 44% in 2019.

    Moreover, Wolfpack claimed iQiyi had inflated its revenues all the way back to 2015, long before its spin-off from Baidu (NASDAQ:BIDU) in 2018. That timeline seemingly implicated Baidu, which maintains a majority stake in iQiyi, and both stocks initially sank. Those troubles worsened in August, when iQiyi disclosed an SEC probe of its accounting practices.

    But in early October, iQiyi said it concluded an internal review and "did not uncover any evidence that would substantiate the allegations." The review was conducted by an independent audit committee with the assistance of professional advisors, including a top accounting firm which isn't iQiyi's auditor. It also said it will "continue to cooperate with the SEC."

    iQiyi and Baidu aren't out of the woods yet, but the announcement lifted both stocks. Should investors assume the worst is over?

    Did the short-sellers follow Muddy Waters' lead?
    If we track the short interest in iQiyi and Baidu this year, we'll notice Wolfpack's report in April didn't attract a stampede of short-sellers to either stock, and the percentage of shorted shares .

    Shares of iQiyi and Baidu have also risen roughly 9% and 3%, respectively, this year. iQiyi likely repelled the short-seller attack for four reasons.

    First, several high-profile analysts defended iQiyi against Wolfpack's report. Mizuho analyst James Lee claimed iQiyi's revenue recognition practices were in line with industry standards and the likelihood of fraud was low. Oppenheimer analyst Bo Pei also initiated bullish coverage on iQiyi with an "outperform" rating.

    Second, Tencent (OTC:TCEHY) reportedly approached Baidu with a takeover bid for iQiyi in June. The proposed buyout would have merged Tencent Video with iQiyi to create China's largest video streaming platform with over 200 million paid subscribers. Tencent, one of the largest tech companies in China, probably wouldn't have considered that deal if it thought iQiyi was generating fake revenues from fake users.

    Third, iQiyi's core business improved in the second quarter. Its revenue grew 4% year over year to 7.4 billion yuan ($1.0 billion), its number of subscribers also rose 4% to 104.9 million, and its net loss narrowed from 2.3 billion yuan to 1.4 billion yuan ($204 million). Those growth rates weren't exceptional, but they allayed some concerns about iQiyi's sluggish growth in users and its widening net losses.

    Lastly, iQiyi's tepid growth rates are a far cry from the triple-digit revenue growth rates Luckin Coffee was reporting before it went off the rails. In short, Luckin's numbers looked too good to be true, but iQiyi's numbers didn't.

    What does this mean for Baidu?
    Baidu generates most of its revenue from online ads, but revenues from that core business have declined year over year for five straight quarters. It blamed that contraction on the slowdown in the Chinese economy, the ongoing U.S.-China trade war, competition from rival platforms, COVID-19, and other macro factors.

    As its advertising business withered, Baidu relied more heavily on its revenues from iQiyi, which accounted for 28% of its top line last quarter. iQiyi's growth offset Baidu's declining ad revenues, but its losses weighed down Baidu's margins.

    Therefore, Baidu needs iQiyi to prop up its top-line growth until its higher-margin advertising business finally recovers. So if iQiyi's revenues were inflated, or Baidu is implicated in either covering up or turning a blind eye to iQiyi's accounting practices, the tech giant could be in serious trouble.

    The conclusion of iQiyi's internal audit relieves some of that pressure, but neither company will be fully exonerated until the SEC concludes its probe.

    The key takeaway
    Baidu and iQiyi's troubles aren't over yet, but the conclusion of iQiyi's internal review should prevent short-sellers from launching another attack. For now, investors should focus on Baidu and iQiyi's other challenges in online advertising and streaming video instead of fretting over the potential outcome of the SEC probe.
  • W
    Alibaba Group Holding Limited
    BABA $400? look at ACRX climb too. ACRX news leak??? long also $jd $iq
  • N
    Chinese Yuan (RMB) is continuing to strengthen. Although 6.79 conversion will be used for Q3 results vs. 7.07 used for Q4 (revs =+$48M), the Yuan is now worth 6.68 to $1 ( revs + another $13M) so Q4 is shaping up well so far. If strengthening continues at the same rate since Q2, exchange will be around 6.50 for Q4 or +$94M over Q2's revs or equivalent to about 17M subs.
  • P
    UPDATE 1-Taobao Taiwan shuts e-commerce site as govt questions Chinese ownership 2:07 AM ET 10/15/20 | Reuters
    UPDATE 1-Taobao Taiwan shuts e-commerce site as govt questions Chinese ownership (Adds Alibaba statement; paragraph 7)

    TAIPEI, Oct 15 (Reuters) - Taobao Taiwan shut its e-commerce site on Thursday after the government ordered the firm to re-register as China-backed or leave the island in a drive to step up scrutiny of Chinese firms amid rising tension with Beijing.

    British-registered Claddagh Venture Investment, which runs Taobao Taiwan, said it had shut the e-commerce site due to "multiple uncertainties in the market", but did not elaborate.

    Claddagh said it would shut its Taiwan operation by the end of the year, adding that it would help merchants deliver existing orders to buyers.

    "After cautious deliberations ... the company has made a painful decision to stop Claddagh's operation in Taiwan on December 31 this year," it said in a statement.

    In August, Taiwan said Claddagh was in effect controlled by China's Alibaba Group Holding Ltd and gave it six months to divest or re-register as Chinese-backed rather than foreign, or leave the island.

    Claddagh had said Taobao Taiwan did not come under Alibaba and was a different company from Alibaba's Taobao China.

    An Alibaba spokeswoman said the firm respected Claddagh's decision. "Alibaba businesses are operating as normal in the Taiwan market, and we will continue to serve local consumers with quality products through our Taobao app."

    Democratic Taiwan, which China claims as its sovereign territory, has long been cautious of Chinese investments on the island. In August, it barred local sales for Chinese TV streaming services operated by the likes of iQiyi and Tencent Holdings. (Reporting by Yimou Lee and Ben Blanchard; Additional reporting by Josh Horwitz in Shanghai; Editing by Himani Sarkar and Clarence Fernandez)
  • J
    No wonder the stock price took a dive today. They came out with more good news.