XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 24.91

-1.7%

Dec 18 3:59 PM EST

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To: Vector1 who wrote (4148)	10/18/1997 7:54:00 AM
From: Robert K.	of 17367

Vector1. You should be worried. I had a damn good call 2 days back "overall market still troubles me". Then of course fridays call or "market in decline trend, but shouldnt be a bad day" I guess I eat those words. Chomp.chomp,chomp. What action did I take. Absolutely nothing. My prognosis for the overall market continues to be not good. Dow=serious downside potential.(50% + or -) Nasdaq=worse (up to 75%). IMO deep poo-poo will come(sooner or latter). This aint nothin. Regarding our darling xoma. I said yesterday stock action friday should define the trend. Stock went down. Surpisingly, I think it did it in a positive way(down to 6.75,back up to 7.25). We have at least two strikes against us now. 1 The general market. 2. More resistance and distance to 8.5 Although I probably aint buying here, I remain firmly bullish on x. Should be about 4 news items in next 4 weeks. I continue to focus on bpi prospects and development. As long as bpi developments are on track I remain bullish.. Yes the overall market may take the stock down, but IMO value is there (unlike many,many nasdaq stocks). So IMO if market takes stock down its a opportunity, but a cautious one.

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