Michael Fuller's  Instablog

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FortSumter Comments (47)
 
That was quick! Bought on the dip for a wild ride.
17 Oct 2012, 03:08 PM Reply Like

gethigh Comments (34)
 
Citron keeps pulling the same trick...luckily not too many fell for it this time.
17 Oct 2012, 04:37 PM Reply Like

xchrisxj Comment (1)
 
It was like blink of an eye. lucky for me to pay attention on movement.
17 Oct 2012, 06:07 PM Reply Like

see punjabi Comments (257)
 
Well, whoever sold today are responsible for their loses. Why investors should listen to a short seller that has only one motive and that is bring the share price down. Again, I see desperation here by citron as they are publishing anything they could find now to bring the share price down.
17 Oct 2012, 09:40 PM Reply Like

gethigh Comments (34)
 
Indeed. http://bit.ly/VvgDBu

"Citron Research is a one-man show run by Mr. Andrew Left, whose fraudulent career began with a huge black mark. In 1998, in his first job, Mr. Left was found by the National Futures Association to have: “MADE FALSE AND MISLEADING STATEMENTS TO CHEAT, DEFRAUD OR DECEIVE A CUSTOMER IN VIOLATION OF NFA COMPLIANCE RULES 2-2(a) AND 2-29(a)(1). ” Mr. Left was debarred for three years, among other punishments. This finding can be found on the website of the National Futures Association."

Why does anyone keep listening to a trickster like Citron---the Loki of "analysts".
17 Oct 2012, 10:32 PM Reply Like

Michael Fuller Comments (256)
 
His skill lay in cherry picking facts and leading a reader to a conclusion with National Enquirer types of tactics. Bold red capital letters for half conclusions, Ending paragraphs with a 'what should an investor' think question, and stating strongly stated 'opinions' of the future.

Without providing full resources for the reader to quickly research, and with willing participants in a bear raid, due to the uptick rule no longer existing, it is easy for investors to panic. By the time they do their own research, they could be wiped out, IF and this is important IF it was all true.

If any readers really don't like this occurring in the market, I recommend becoming active in lobbying the SEC to reinstate the uptick rule. It helps more than it harms.
18 Oct 2012, 05:28 AM Reply Like

TruffelPig Comments (3240)
 
Good to hear the UNH care assessment from a person in the business - you are right, simple investors like me can not fact check that quickly and QCOR is now the most volatile stock of S&P500! When the stock dropped like a stone yesterday I felt very uneasy - but I bought the dip! This CAN go bad though. Buying the dip the first time in QCOR was a bad idea while the second time was fine........I bought them all........
18 Oct 2012, 05:59 AM Reply Like

jesmontana Comments (19)
 
Mike, as always you are on top of the info heap and bringing about a clear and honest assessment of situations relative to QCOR. Mr Left (Citron) has been convicted on financial fraud in the past. Complete agreement that the uptick rule needs to be reinstated. With a reputable firm like Deerfield Management coming into QCOR with a 5.8% stake this only reaffirms QCOR as a company having tremendous benefits to their patient base, retaining continued growth opportunity. Long and strong QCOR.
18 Oct 2012, 07:11 AM Reply Like

sharinky Comments (47)
 
It's funny how Citron implied that Qcor was suspiciously holding something back because they had not notified their shareholders about this change. We all know this is laughable because when you add up all of the different insurance companies policy changes they are probably happening every day. When you deal with high cost drugs you prepare yourself or your physicians to deal with insurance issues everyday. It is part of the cost of doing business. It protects the insurance company and the patient. It is part of the status quo in the insurance business.
18 Oct 2012, 08:30 AM Reply Like

Michael Fuller Comments (256)
 
Yes, I'm sure every Pharma company has hired someone to monitor all the different Insurance company's websites... for any change whatsoever... on every single webpage, pdf, etc. including documentation that goes to members, and has nothing to do with a coverage change.

Citron is really going out on a limb, with credibility, implying such a thing. Sure did sound good though... just like "Alien Abductions" in the National Enquirer, at the grocery checkout. You know it's not true, but you read it anyways, admit it, you do. LOL
18 Oct 2012, 08:39 AM Reply Like

jerry parker Comments (41)
 
nicely done...you're doing very solid work, and i'm sure everyone appreciates your insights.
18 Oct 2012, 10:03 AM Reply Like