XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 25.18

-5.1%

Dec 12 3:59 PM EST

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To: Robert K. who wrote (7317)	9/25/1998 11:33:00 AM
From: aknahow	Read Replies (2) of 17367

As of 15 Sep. short interest rose a significant 44% to 1,870296 shares from the Aug. 14 level of 1,297,438. While I do not know, I suspect that the holders of the c.v.p. accounted for part of the rise. They cover thru conversion at a later date which IMO would be soon after the short sale. I wish I could believe it was others going short since IMO that would be bullish, since they would have to cover by purchases in the open market. But I don't think it is so I regard the short balance as neutral. The "damage" is done when the short sale is executed and not when conversion to cover occurs.

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