XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

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To: Arthur Radley who wrote (7293)	9/24/1998 8:07:00 PM
From: aknahow	Read Replies (1) of 17367

Old story, think you told us about it back in 1996. But there are pictures. Surprised it took me so long to find this specific story. wral-tv.com BTW I did not like to see that large block volume today. Hope it is not prelude to takeover from these low levels. Agree with Yahoo poster that it was buy but not that big holders never sell at the bottom. Also agree that Tharos had a point long time ago when he spoke of market makers being contracted to pick up positions and then the entire transaction is shown as one trade. Am convinced that if there had been an eager sell trying to unload a block of 500,000 shares the price would have collapsed. Never really thought Tharos was correct about this block buying before and offered numerous examples of how one hedge fund seemed to take positions. The difference I guess is the size of the position desired. If there is anything going on I expect we will find out fast. The magnitude of the trades are going to generate attention. Hope XOMA has a so called white knight to keep the company being knocked over easily.

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