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Biotech / Medical : XOMA. Bull or Bear?
XOMA 28.68-2.3%Jan 15 3:59 PM EST

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To: Robert K. who wrote (7421)10/3/1998 6:59:00 AM
From: Ditchdigger  Read Replies (2) of 17367
 
Morning Robert, I also moved some Mutual funds from US Growth and Income( jumped back in for yesterdays action) to Janus Overseas (IRA no fees). I'm looking for a pop Monday,while the DOW was only down around 4% this week, the Euro's got killed (I say Euro's,the Overseas fund has very little Asian exposure). Heck, the DAX was down almost 15% in the last 3 days( check the chart for the week-ugly!!, site is below)...looking for a technical bounce in the big 3, CAC 40, DAX, and FTSE 100(actually the CAC closed up fractionally Fri.)As you know, trading in these 3 ends before noon, so they haven't had a chance to react to Fri.'s Dow close..Won't be in that fund long, maybe only 1 day,but the odds of a good day are good IMO. Remember there are also elections in Brazil this weekend,which many analysts feel will help their situation(ours<g>),plus G-meetings,and bull spin doctors working this weekend . IMO, the Euro's will be grasping for good news...all plus factors for overseas markets..I'm doing nothing longterm these days..still holding 700 sh of XOMA for fun though,cost-2 7/8,less the profit pulled on another K sold..DD
PS: the trick with the mutuals-be in on the up days and out on the down--educated guess' can pay off well(plus a helluva lot of luck<vbg>),currently + 20% or so YTD on my IRA mutuals through Janus...getting killed on my trading portfolio...tit for tat<lol>
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