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Biotech / Medical : XOMA. Bull or Bear?
XOMA 27.25+4.2%3:59 PM EST

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To: aknahow who wrote (10036)5/17/1999 9:52:00 AM
From: Arthur Radley  Read Replies (1) of 17367
 
This is all a guess on my part. I normally do all my trading in blocks of 1,000 shares via the internet...however, on the "rare" occasion that I trade say 5,000 shares I call a special trading desk at Schwab and they "work" the trade to get the best price. I think these messages are therefore send out indicating that say Schwab has an investor wanting to move(buy or sell) a block of shares at a certain price. I think that they only do this when the amount is 5,000 or above. This 20,000 shares could have been one investor or it could have been 4 investors.
Anyway, my early euphoria was short-lived this morning. I think this overall market is ready for a major shake-out, especially the recent high flying internets. Maybe we will get some of this money flowing into the biotechs......can always hope.(:>)
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