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Biotech / Medical : XOMA. Bull or Bear?
XOMA 24.77+0.7%3:41 PM EST
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To: Biomaven who wrote (10862)7/22/1999 11:24:00 AM
From: Bluegreen  Read Replies (1) of 17367
 
Peter, you stated>>>>>>>>BTW, I very much doubt the purchaser got a peek at the results of the trial. The cynical might even ask why the company would sell stock now at under $6 if they were confident that the trial results would be favorable and they could sell stock at some multiple of that a few months from now.<<<<<<
Do reserve saying such things just about Xoma? NO MATTER WHAT THE RESULTS THEY STILL HAVE TO GET THROUGH A WHIMSICAL FDA APPROVAL PROCESS. That, my friend makes Biotechs extremely risky, no slam dunks ANYWHERE in my opinion.
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