Questcor Pharmaceuticals, Inc. (QCOR)

[ronpopeil]

QCOR Alert in News Feed
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News Breaks
January 17, 2012
09:20 EDT QCOR theflyonthewall.com: Pre-market top 5 gainers
The following stocks were the top percentage gainers before the open on solid volume of at least 50,000 shares, trading at over $10. CNVO 48%, TSLA 14%, QCOR 5.2%, FCX 2.3%, RIG 2%. :theflyonthewall.com

07:29 EDT QCOR theflyonthewall.com: Questcor report from StreetSweeper may have little substance, says Jefferies
Jefferies believes StreetSweeper's questions to Questcor yesterday indicate the blog's preliminary allegations against the company may have very little substance. The firm wonders why StreetSweeper covered nearly half of its 80K short position before issuing its report telling investors why they should sell the stock. Jefferies keeps a Buy rating on Questcor shares with a $50 price target. :theflyonthewall.com

07:18 EDT QCOR theflyonthewall.com: Questcor answers to reporter do not point to illegal marketing, says Leerink
Leerink believes Questcor's answers to a StreetSweeper.org reporter were reasonable and do not point to illegal marketing conduct by the company. The firm believes shares of Questcor offer an excellent risk/reward profile at current levels and maintain an Outperform rating on the stock. :theflyonthewall.com

05:58 EDT QCOR theflyonthewall.com: Questcor believes thetreetsweeper.org is a fraud
On January 9 Questcor Pharmaceuticals received a communication from an individual representing herself to be associated with a website identified as StreetSweeper.org. The individual requested that the company provide responses to a series of questions about the company by January 10. Due to management's schedule, the individual was offered an opportunity to have the questions answered by management on Monday, January 16. Questcor has been unable to determine the exact nature of StreetSweeper.org, its ownership structure, or its revenue sources. The website, thestreetsweeper.org, provides no information on these topics, and standard listings about it are limited and opaque. Based on our exam ination to date, we believe that the website lists people that it claims are associated with it, one of whom the website and media reports identify as a felon who pled guilty to two conspiracy charges and who later pled guilty to racketeering charges related to stock manipulation, another of whom has the same name as an individual who, according to media reports, was arrested recently for kidnapping and extortion, and another of whom has the same name as an individual who, according to media reports, has been involved in extensive litigation regarding fraud, defamation, and slander. :theflyonthewall