XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 32.13

-0.5%

Nov 28 9:30 AM EST

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To: Edward Paule who wrote (5067)	12/9/1997 12:38:00 PM
From: aknahow	Read Replies (1) of 17367

Ed, I'm disapointed too, but there is a slightly different slant. When an underwriter lowers to accumulate from buy, or market perform from outperform or hold from buy, your right they mean sell. But since they have a relationship (underwriting / financing), they can't say sell. A letter writer can say hold and mean it. There is reason for M.M. & J.M. to not just keep mentioning the same stock. People simply lose interest and won't even hear what they are saying in the future. In the longer run it is important that people pay attention to M.M. & J.M. In the short run that means they can't burn out everyone by always recomending the same stock. I have actually been upset when M.M. is wildly bullish about XOMA since I think it destroys his credibility

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