Seeking Alpha
  • nutjob
    I'm watching these two pharmaceuticals: $CBST and $QCOR, but not dipping in at $60+ I think they'll both be a little cheaper later on.
    9/5/13
    Reply (12)
    • Mongoose7916: $QCOR will never be cheaper than $60 ever again. I could see somewhere in the 63s to 64s as the absolute bottom in QCOR
      9/6/13
    • nutjob: Mongoose, I appreciate the enthusiasm, but markets are crazy and a big overall correction could take everything cheaper.
      9/7/13
    • nutjob: It did drop from $50 to about $17 last October, admittedly I am not a huge follower of the stock, so tell us why you believe not below $60.
      9/7/13
    • Mongoose7916: it wont go lower because that $65 level is where funds are accumulating and short sellers are covering. The chart is a cup and handle...
      9/7/13
    • Mongoose7916: Not to mention that anyone who owns shares knows what they have and wont sell until this is at a 25-30 pe minimum. Considering the peg...
      9/7/13
    • Mongoose7916: it has it makes more sense to just hold for the time being. A market correction could bring this one down a little bit but I don't believe..
      9/7/13
    • Mongoose7916: that it would go under 60 even in a correction. Most people who haven't followed QCOR look at how much its run and think at some point...
      9/7/13
    • Mongoose7916: there has to be a pullback. But what they fail to realize was the short attack that happened last year was completely without merit.
      9/7/13
    • Mongoose7916: If you just draw a line at the path QCOR was taking before the short attack you come to the conclusion that QCOR is undervalued still.
      9/7/13
    • nutjob: I looked at the 1-yr chart and see that the gap to $50 was filled in June. Went sideways a little bit and then ramped at end of July...
      9/7/13
    • nutjob: so I would need to understand the motives behind these moves and research the company further. When it first got my attention I was just...
      9/7/13
    • nutjob: watching price. I'll look at it in more detail, so in $60s I'm not a conviction buyer yet, even so I could be very wrong. Good luck with it.
      9/7/13