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  • itsawhiz itsawhiz Sep 22, 2012 7:34 PM Flag

    QCOR to 200 day moving average by October 1

    IMO, Oversold on non materially effective news. Although this is the case, it will be quite sometime to recover to previous levels, unless the company issues a buyback of their stock. If I was on the board I would have reacted on the day it went to 22 and cut the head off of the snake with a buyback that day. Shorts will be pulling out over the next week expect raise over the next 5 days to the 200 day moving average about $41. I tried to short at $33, Ameritrade had no shares available. I had my finger on the trigger to buy 1k shares at 23 just didn't get the chance because they temporary halted. Picked up a few at 27, and then next day at 30.50 will hopefully buy more (4k) on a pullback Monday. If QCOR issues a buyback .... $45 in two days. Shorts will need to cover with options which are expensive.

    Sentiment: Strong Buy

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