XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.03

+0.1%

3:59 PM EST

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To: Cacaito who wrote (16186)	2/13/2003 12:19:57 AM
From: Edscharp	Read Replies (2) of 17367

Cacaito, Is Baxter or Mlnm selling to recover their million$ !!! Perhaps, but it's certainly not clear from the volume figures. In the past month there have only been three days where trading exceeded a million shares. Two of those days were down (3 cents and 30 cents). The Third day was up nearly 60 cents. Although Xoma closed one penny less than $3 I don't yet view this as a convincing break of the $3 support level. I think if closing share price sinks to to $2.85-$2.90 we will likely see the stock price go down to nearly $2.00/share, a share price not seen since 1999. I believe the three dollar support level is particularly important to Xoma. This would appear to be the level where even die-hard enthusiasts throw in the towel, cry uncle and cut their losses. Of course, a compelling press release with some substance could change all this at anytime. Oddly enough, Ligand appears to be in free-fall even though they have marketed products with a good possibility of multiple applications. This strongly suggests to me that Elan is slowly dumping their lGND shares. Just my guess.

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