XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 26.37

-8.4%

Jan 16 9:30 AM EST

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To: LarryS who wrote (10495)	6/17/1999 5:42:00 PM
From: aknahow	Read Replies (1) of 17367

Understanding I-Watch. Free information from I-Watch is available and here is a cut and paste from one of todays e-mails. I suggest anyone with an interest in a better understanding of the markets and I-Watch get and read them. CPQ - Personal Computers - Technology 17-Jun-99 11:33:53 Compaq's stock is shrugging off earnings worries, rising from a new 52-week low of $20 hit earlier this morning to trade at its current price of $22 1/4, at the break-even mark. Institutional investors have been active throughout this morning's session with over 65% of total volume attributable to block transactions. Thomson I-Watch shows that, in terms of volume, the sellers have significantly outpaced buyers in the pre-trade market. This is inconsistent with the stock's trading pattern - a detailed review of the post-trade data helps to shed some light on this. There is one particular broker who is aggressively buying shares today - this broker has booked over 5.8 million shares in trades (about about 25% of total volume), almost exclusively as buy transactions. This broker has a large institutional client who is either covering a monster short position or believes CPQ is a screaming buy in the low $20's. The broker is not advertising in the pre-trade market. As long as this broker remains active in the market, CPQ's price will be supported. However, at some point the underlying order behind this buying will be filled and CPQ's price is likely to pull back in the short-term as a result. This order could be filled in the next few minutes or over the course of the next few sessions - it is, unfortunately, impossible to tell the total demand behind the broker's activity.

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