XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 29.87

-0.2%

Jan 9 9:30 AM EST

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To: Arthur Radley who wrote (10584)	6/29/1999 11:14:00 PM
From: Edscharp	Read Replies (1) of 17367

TexasDude, I'm sure your aware of this, but I'll say it anyway. Technical Analysis (TA) can occasionally be very useful, but in this context I think it is near useless. If Neuprex fails to perform the stock will drop like a rock. The false assumption is that TA can somehow predict this. The technical chart looks good because of investor expectations that Neuprex will succeed. If it doesn't succeed TA will quickly reflect the new reality. TA is great if it can predict a stock's movement the day before, not the day after. TA works a hell of a lot better when a company has earnings.

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