I remain bullish on Questcor the company and its stock QCOR. :) My near-term target is $60. For those who question my "pumping/bullishness," you have to understand that Market makers/specialists shorted this stock at $50.20. They were/are just trying to squeeze the retail longs for shares to cover. They real shorts come as secondary predator(of the retail) at this point. But buying pressure is too huge to overcome. Rally on.
Sentiment: Strong Buy
That is what my lowest model shows, $100. Within 9 months the market should reach that conclusion. Though at current rates of price growth it could be much quicker. One year high model shows $150 (based on analyst estimated next 12 months earnings growth priced at at a PEG of 1). Do the math yourself. Don't panic and sell this one. The cool will rule.
Predicting a number is a tough game.
One thing we have going for us here is the company buyback program. Of all the companies that I have invested in this one has used it more than any.
Removing stock from the float enhances earnings in a fashion that if this company buys back as many more shares as it has in the past were going to your number and perhaps higher.
Don't care if it hits your $60 or not, I don't take your posts as pumps. You are informed about QCOR per your posts and like the rest of us, we don't control the market. We can only look at the technicals and make educated guesses on when and where.
Simple fact is, it will get to $60 and more and the only question is when.
Strong hold of my core. Made a quick trade for a buck this morning because the setup with that dip was so darn easy.
Well said Mikey and thanks for your posts always... Glad you are taking advantage of the swings! Profit-taking, stop-loss raids are all part of the consolidation phase after our recent rise. The big picture is clear: hold your shares tight!
Sentiment: Strong Buy
choo choo, ride this express train to boom town, millions more shorts are underwater with their outdated thesis, too long they have been scaring off retails long. I say no more, just check millions more proud owner of long shares. If all of them put it up for sale GTC at 70ish like me, you would see 60ish in a heartbeat. don't let shorty borrow shares for scaring tactic.