Bluegreen:
Here's the long-term chart for XOMA. I have played it for profit on many occasions, while always maintaining a negative (or, more recently, neutral) long-term position.......
iqc.com
If you go back through the XOMA thread, you will find explicit instructions for when to buy.... you wait for a convertible, then you let the stock slide through a protracted period of little or no news, and then you buy. XOMA has been pumped and dumped so many times on the way down that it should have the Goodyear logo. I agree with you fully that one should not confuse dogma with making money, and I've ridden several of the XOMA pumps. Unfortunately, the company always made lower lows, until it just couldn't go lower.
Regarding your repost......
To: Robert K. (5374 )
From: Richard Harmon Monday, Jul 27 1998 9:46PM ET
Reply # of 5830
You can verify with Bob K that I purchased XOMA shortly following that post. It fit the criteria for a near-term pump. Unfortunately, I decided to sell when the meningo trial was not terminated early, and I missed this rally.
With respect to my overall record.... you place a given [large] amount in escrow for my kids...... I'll open my tax records to you and other observers, and you can have the money back if you can find a single diversified biotech investor..... anyone........ with a better return, when you annualize investments, 12/94 to the present.
If my record is not so great, you, in return for your efforts, get to publish it. That record will show several XOMA trades with rather remarkable annualized yields. Deal? |
