This article provided a detailed analysis of the bear raid that occured in Questcor Pharmaceuticals (#QCOR) stock on October 18th. Questcor had already been under much pressure over the past few eeks due to it's stock price being slashed by more than 50% due to a report by short selling firm Citron. While the stock had begun recovering from it's lows, investors were naturally nervous and seeking clarity.
On this particluar day Citron published another blog post of "news" that was actually recycled information from several weeks prior. Nevertheless, the stock sold off, and investors were scrambling for answers. Our article provided a detailed analysis of both the Citron "report" and the trading action that happened before and after the Citron blog post was published and tweeted about. Our analysis provided a point-by-point rebuttal of Citron's claims and pulled back the curtain on the fact that the bear-raid was initiated just a few minutes bfore citron tweeted out "news" about united Helathcare's policy update - news that was actually several weeks old.
Stocks facing binary events can often go through wild swings due to the inhernet volatility of a large change in intrinsics value (positive or negative). In situations like these, our in-depth and clear analysis helps investors make the right trade to stay Ahead of the Cruve.
This article was published by Seeking Alpha on October 18th.
Shares of Questcor Pharmaceuticals (QCOR) experienced a bear raid Wednesday afternoon around 1:30 p.m. ET. We will analyze the events that triggered the bear raid, which, in our view, reflects no fundamental change in QCOR's business situation.
