Questcor (NASDAQ:QCOR) Expected To Get Late-Day Bounce After Negative Rumor Disappears; Buy Weakness

Rumors percolated today – pushing QCOR down nearly $9/share – that a conference call to be hosted by a Broker-Dealer would feature an expert discussing improper marketing practices by Questcor. The expert was rumored to be a former chief commercial officer of Biogen. The conference call was mysteriously cancelled, with the Broker Dealer apologizing for any misunderstanding. Reaction could be late-day buying as this event doesn’t play out as expected, or at all.