{"id":144,"date":"2012-09-19T18:07:56","date_gmt":"2012-09-19T18:07:56","guid":{"rendered":"http:\/\/ngz.rul.mybluehost.me\/?p=144"},"modified":"2020-10-06T01:22:42","modified_gmt":"2020-10-06T01:22:42","slug":"qcor-questcor-pharmaceuticals-citronresearch-com-fraud-report-scam-short-sale","status":"publish","type":"post","link":"https:\/\/www.beatstockpromoters.com\/blog\/qcor-questcor-pharmaceuticals-citronresearch-com-fraud-report-scam-short-sale\/","title":{"rendered":"QCOR – Questcor Pharmaceuticals – Citronresearch.com Fraud Report Scam Short Sale"},"content":{"rendered":"

Once again QCOR is not a penny stock but that is the beauty of my strategy. My trading system allows me to trade stocks, bonds, futures, options, forex, and even more. Since QCOR had a fraud article on it it became extremely volatile and started to trade like a penny stock which is what I look for because I know I can make money in the short term off stocks that really move. I don’t care what the price is as long as my system tells me the stock is set up to make a high probability move. This isn’t the first report that Citronresearch put out on QCOR but this one was the most damaging. QCOR is a pharmaceutical company and had one drug that generated 95% of its revenues. Aetna is the parent pharma company of QCOR and put a negative Review Of QCOR<\/a><\/cite> and said it will stop funding QCORS drug Acthar due to a failed study. Shares of QCOR dropped from $50 to $22 in 1 hour. This is the power of fraud articles when released on allegedly fraudulent companies.<\/p>\n

I shorted 500 shares of QCOR at $45.99 around 10:12 A.M. I covered 200 shares at $42.00 for an $800\u00a0 profit and I covered my remaining 300 shares at $40.00 for $1800. Total trade time about 1 hour and a total profit of $2600. Now the stock dropped much lower to $22.00 per share. I could have made thousands of dollars more but this thing was incredibly volatile. I stuck to my plan which was to do what my system told me because more often then not this allows me to pull consistent profits out of the market.<\/p>\n

******Update .09\/25\/2012: I originally posted this last week when I shorted QCOR on the first drop. Now the stock is down another 21 points to $19.00. Pretty amazing sell-off but I still think it goes to single digits and then probably to penny stock land.<\/p>\n

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Once again QCOR is not a penny stock but that is the beauty of my strategy. My trading system allows me to trade stocks, bonds, futures, options, forex, and even more. Since QCOR had a fraud article on it it became extremely volatile and started to trade like a penny stock which is what I … <\/p>\n

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