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No. of Recommendations: 1
While not quite a currently falling knife, this stock has fallen
mightily in the last few months due to a lot of news stories regarding
insurance coverage of the firm's only major drug and on possibilities of
generic competition. These fears are, IMHO, overblown and there are some
good seeking alpha articles discussing them in detail.

The puts in recent months have been extraordinarily juicy with the implied
volatility going up all the way to 80% before coming down. However, the
juiciness has waned of late and the current implied volatility is only
42%. (I am currently short several puts on QCOR following Jim's general
strategy which works great for me as I also face non-resident tax rates.)
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