XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.86

+0.2%

3:59 PM EST

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To: aknahow who wrote (6811)	7/26/1998 6:58:00 PM
From: Tharos	Read Replies (2) of 17367

>>Wall Street hates any company it has invested in that has a drug failure. Wall Street does not care that an oil company almost went broke with a string of dry exploration wells if an important big hit has just been made. The past is just so much useless history. If a bad luck biotech hits it big with an approval, Wall Street will be there.<< As you, and any other market student for that matter, know, Wall Street is fickle. It is the in-efficient market that allows contrarian investors to make money. The contrarian's water is deeper and more sharks are in it, giving a greater potential for the casual investor to lose money. But for those willing to study carefully and be patient, the rewards are emotionally and statistically greater than "buy and hold." I am speaking of the pride of being involved in bringing a new product to market, and of earning an above average return on your money while doing it.

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