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Biotech / Medical : XOMA. Bull or Bear?
XOMA 24.61-4.3%3:59 PM EST
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To: LarryS who wrote (10130)5/21/1999 10:02:00 AM
From: Edscharp  Read Replies (2) of 17367
 
"The most profitable time to invest in biotechs is after the expensive and time consuming Phase III ends and before the FDA makes their decision."

Larry, I think your suggesting that the rest of us were fools to invest in Xoma any earlier than this. Unfortunately, I think you may be right.
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