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Biotech / Medical : XOMA. Bull or Bear?
XOMA 25.54+1.4%Dec 15 3:59 PM EST

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To: opalapril who wrote (8565)2/1/1999 2:58:00 PM
From: aknahow  Read Replies (2) of 17367
 
A rights offering does not imply everyone will exercise all their rights. Others may oversubscribe and use up the rights not exercised in proportion to their subscriptions.

I owned Sepracorp at $10 when no one wanted it. It had been put to me at $12.5 or $15. Eventually it was called away from me to my relief. <g> Sometimes it is difficult to know the real value of something. I suggest that if XOMA moves up many long term holders will probably bail when they are even. Suggest that you, at least, think this through, before selling.
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