"In a 13G filing after the close on Questcor Pharmacueticals, Inc. (NASDAQ: QCOR), James E. Flynn's hedge fund Deerfield Management disclosed a 5.82%, or 3,493,203 share, stake in the company. The firm had a 150,000 put option position at the end of the June quarter."
Sentiment: Strong Buy
So, they had the put options at the height in price around $50, before the July earnings for 2nd quarter and before the collapse from $52 to 35 range. Then, they appeared to buy when the stock really collapsed before September 26th.
Were they involved in this rigged game? They are going to make out like bandits in a short time as this stock will triple from $20 range to $60 range by January/February 2013.
* The Aetna document was up for several months until it was circulated to the press and then it snow-balled to collapse.
* The government investigation is meaningless same as the SEC investigated Bernie Madoff four times over 10 years and did nothing. If you send enough documents to the SEC and put on pressure with public documents, the SEC or any government agency has to show they are doing something to cover their #$%$ even if there is nothing criminal.