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Biotech / Medical : XOMA. Bull or Bear?
XOMA 26.52+3.4%3:59 PM EST

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To: Larry Dreher who wrote (11237)8/16/1999 7:00:00 PM
From: Thomas J Pittman  Read Replies (1) of 17367
 
Looking back on the whole thing, we set ourselves up
for this. Your question was 'why have the news release'.
The answer is they had to since it was time to release
earnings. Would tomorrow have been better if they hadnt
said anything other than, ' we will talk to you in oct?"
I dont know. Tomorrow is likely to be pretty bad, though.
The stars aligned and i think jack was right. he HAD to
say something, but he also HAD to keep the details to
himself until the FDA has its say.

I think this is one of the perils of riding what is
a pony with one trick. Every quarter everyone only wants
to hear one thing. If there is no news, it gets taken
as bad.

Damn. I was really hoping for something. I am tired of
waiting.

J
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