Options suggest they were planning on closing this below $60 PRIOR to the announcement, if I've learned anything about the way QCOR swings... Some option sellers (and newer short positions) definitely hurting after today. We'll see how hard they try to keep it below that figure tomorrow after a strong finish. But all bets are off come Monday! Kind of a Catch 22 now... No more gap to fill (been there, done that), and cash position + dividend amount definitely reveals estimated earnings in less than three weeks. Gonna be ANOTHER beat. Long now, so daily up and down doesn't bother me (although it's been a roller coaster ride these past two months), but going to be fun to watch the show these next few weeks leading up to earnings. Buying some popcorn.
Yes. My mistake was thinking that Q2's earnings dampened the interest of the shorts as they realized Q is a steady cash machine. I was wrong and have had some gut wrenching trading days the past 6 weeks. But in the end, the long term strategy and performance is in tact.