XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.16

-3.2%

Dec 1 3:59 PM EST

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To: Robert K. who wrote (8113)	12/23/1998 10:55:00 AM
From: opalapril	Read Replies (2) of 17367

Is anyone else finding a paradox in Xoma's recent price action, given the company's openly avowed reasons for the Bermuda move? The proxy came as close as one supposes it could -- maybe too close, in fact -- to predicting FDA approval along the way of rationalizing the move to save taxes on projected profits. Profits, mind you! A word very few Earthlings would associate with Xoma. Yet, the stock price inches down, inches up, and generally continues its chronically sick behavior with absolutely no evidence of buying pressure. This does not look good, in my opinion. What's going on? Has FDA approval already been built into the anemic stock price? Is the company's proxy talk about profits just a massive head-fake? Hard to believe all the biotech investment fund managers on Wall Street are dumber than we are.

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