QCOR will start going back up again from 07/22. Shorts have ran out of tricks and they also know about the blowout earnings. They would not want to wait till the last day to cover, so the remaining covering will start on 07/22. We should see over 51 by next Friday.
$ 60 right after earnings is too aggressive in my opinion. I believe 51-52 pre-earnings, around 55-56 post earnings (within 5-6 trading days). Some short BS will bring it back to 51-52. Around 56-57 end of august and than a lift off in September. $ 65 end of October. However, if we have some super exciting news than we should hit 60 as you are saying.
I think all of this selloff is the MM's clearing out option open interests before end of day so there is no shares that can be called at these cheap prices in addition to building their inventory of shares at lower prices by triggering stop losses on shares purchased in last couple of weeks. Longs - hang tight - don't let them scare you out of your shares at these cheap prices