XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.80

-0.1%

Nov 21 9:30 AM EST

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To: Tharos who wrote (6935)	8/13/1998 10:55:00 AM
From: Edward Paule	Read Replies (1) of 17367

I may regret this move latter, but for now.... I just sold the only stock I have that hasn't taken a beating in the current market correction (ICOS) and used the proceeds to buy more XOMA. ICOS is one of the few biotech stocks I consider to be overvalued. Most biotech stocks, like XOMA, are undervalued. Since ICOS is 3 years away before any potential product approval and they're starting to run low on cash, I should be able to get back into ICOS next year or so at a more attractive price. In the meantime, go Xoma. - Ed.

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