QCOR ==> The Stone Pony Winner

[riverbabe]

Edited a tasteless joke here.

Please illuminate the "tasteless joke". This is genuine commiseration. What are you trying to say?

[joshcord]

Was hoping you were not still in it. Oops!

Questcor plummets after Aetna rejects Acthar for most conditions
Questcor's (QCOR) stock is plunging after health insurance giant Aetna (AET) decided that the company's Acthar gel is either unnecessary or experimental in most cases, according to a posting on Aetna’s website as highlighted earlier today by short-selling blog Citron Research. Aetna found that Acthar isn't necessary for diagnostic testing of adrenocortical function or for corticosteroid-responsive conditions, and therefore will cease being reimbursed for those two indications. The insurer determined that Acthar is medically necessary as a test for infantile spasms, but is "experimental and investigational" for all other conditions. In mid-morning trading, Questcor tumbled $24.25, or 48%, to $26.27. The stock began declining precipitously after Citron Research highlighted Aetna’s findings in a new report on its website.

Edited a tasteless joke here.

[jce05]

AET confirming to Reuters that its dropping coverage on majority of Acthars indications - QCOR

[mrmarket]

a lot of trading based on misinformation.

[riverbabe]

Ouch ! Talk about timing. I bought yesterday and didn't check back until 10:30 this morning. I'll put on my barrel and sneak out to the doghouse.

http://www.youtube.com/watch?v=IFGwvSfh6dY

-----------billy

Ouch billy! They're calling it a day traders' dream. Talk about bouncing up and down like a yoyo.

[billyjoe]

Ouch ! Talk about timing. I bought yesterday and didn't check back until 10:30 this morning. I'll put on my barrel and sneak out to the doghouse.

http://www.youtube.com/watch?v=IFGwvSfh6dY

-----------billy

[riverbabe]

Qcor

shorts are at it again...my this has been a fun ride!

Was hoping you were not still in it. Oops!

Questcor plummets after Aetna rejects Acthar for most conditions
Questcor's (QCOR) stock is plunging after health insurance giant Aetna (AET) decided that the company's Acthar gel is either unnecessary or experimental in most cases, according to a posting on Aetna’s website as highlighted earlier today by short-selling blog Citron Research. Aetna found that Acthar isn't necessary for diagnostic testing of adrenocortical function or for corticosteroid-responsive conditions, and therefore will cease being reimbursed for those two indications. The insurer determined that Acthar is medically necessary as a test for infantile spasms, but is "experimental and investigational" for all other conditions. In mid-morning trading, Questcor tumbled $24.25, or 48%, to $26.27. The stock began declining precipitously after Citron Research highlighted Aetna’s findings in a new report on its website.

[mrmarket]

shorts are at it again...my this has been a fun ride!

[mrmarket]

you seeeeees!!??

[joshcord]

TJX has been losing a long held, steady lead as it feels the heat of QCOR coming up around the outside. Will the sound of clipity clop give TJX the rush it needs or has QCOR just unleashed overwhelming power... it's going to be nose to nose.... And Mr. Meat & Cheese will be rolling in hay either way.

[tiedyed1]

Yep. Look at that VOLUME too!

(Jumped in on the dip at 38.20 and really enjoying the ride... )

-Adam

[mrmarket]

Oh yea....we are most definitely BACK!

[mrmarket]

QCOR beats expectations and drops 16.5%... rough day... seems somebody knows something I don't.

I've seen this before. If the company keeps making money, the stock gets too cheap to ignore....remember the mantra:

earnings earnings earnings

[Hobophobic]

QCOR beats expectations and drops 16.5%... rough day... seems somebody knows something I don't.

[Hobophobic]

I did buy the stock because of all the FACTs as you mentioned, so that makes the two of us!

Citron is well known in short selling circles, which is why I decided to pay some attention to this report. I'll do some further digging around and post here if anyone is interested.

Hope we make some money! cheers!

http://www.streetinsider.com/Analyst+Comments/Analysts+Defend+Questcor+%28QCOR%29+On+Free-Fall+In+Shares/7571274.html