I bought QCOR last fall on October 1st at 19.07. There was a lot of fear around them as there were rumors that health insurers were going to stop paying full freight and there was also rumors regarding investigation into their sales practices. I also got frightened by one article I read on seeking alpha and sold at 21.64, which was a nice (at that time) profit of 13.5% in 10 days. Well this morning they are opening at $43! S I got 13.5%, but gave up another 100%. That would have been $38,000 more using my multiplier.
What is the lesson here? If you buy a stock super cheap, a lot of the bad news is really priced in. One needs to have more conviction. Ad it probably helps not to read seeking alpha!
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