XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 33.34

-2.1%

Nov 7 9:30 AM EST

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To: Slugger who wrote (11151)	8/12/1999 6:08:00 PM
From: aknahow	Read Replies (2) of 17367

A lot depends on how successful those wanting the stock down are in causing panic. Once I heard that Davis had said the announcement would be made Monday I knew that he had removed a large part of the risk in trying to get the stock down, for whatever reason. But for the life of me I would not know how to nor have the guts to try to make a profit with this type of maneuver. Some call this arbitrage. But back in the good old days, arbitrage was a risk less transaction based on a mathematical calculation that the spreads between positions in different securities of the same company would narrow. The risk in ones short position was offset by the long position. So I give a lot of credit to those who were able to pull todays move off. Still convinced that some of the things you watch have value. Thanks again.

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