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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (10386)	6/9/1999 4:46:00 PM
From: aknahow	Read Replies (3) \| Respond to of 17367

I asked I Watch about duplicates. My friend is also following up. As you know there were messages for 500,000 shares today. Seems like retail will supply the shares at slightly higher prices so no need for institutions to just buy at any price. Supply does seem tight. I know of three others beside you, TD, that have added shares. And of course that does not count me, myself and I. Any lurkers from Europe? Please post. In another life there years ago I inadvertently, or deliberately, insulted a Dr. Rain Forest. Or at least that is what I pretended his name was. It was during my first experience with S.I. and stock chat boards and I was acting the part of a 21 or 22 year old that knew everything. I no longer do this. Now, I act the part of a 62 year old that knows everything.<g>

To: Arthur Radley who wrote (10386)	6/10/1999 9:12:00 PM
From: aknahow	Read Replies (2) \| Respond to of 17367

Questions & Answers Since the broker messages on AutEx have a relatively short shelf-life, particularly on high volume days when turnover is high and the price changes rapidly, brokers often re-enter the same indication to show that they remain serious about buying (or selling) the stock. However, the fact that the same broker is behind a series of interest messages does not necessarily mean that demand for the stock is any more or less - this broker could be slyly trying to fill a 1 million share order or the broker could advertising the same 100K because he/she is not be getting the desired prices. Either way, the demand is real. It's usually safe to assume that the older indications are stale and not active - so if it's 2:45 PM, a buy message entered at 10 AM is no longer relevant. On the flip-side, if there are multiple brokers active in the stock, all of these brokers could be working orders for the same institution. As for your question regarding the incentive for brokers to only enter serious messages - the incentive is their reputation - which worth a heck of a lot in the trading community. If word gets out that a broker has backed off a super message or consistently does not honor interest messages, that broker will see drop off in orders from the trading desks at the institutional firms and will also have a tough time finding other brokers to trade. (BTW - Thomson Financial owns both Thomson Financial Interactive, the parent of I-Watch, and AutEx Systems) Rebecca Lennon Senior Analyst Thomson I-Watch rlennon@thomsoninvest.net www.thomsoninvest.net/iwatch/ -----Original Message----- From: Nobody [mailto:nobody@betel.thomsoninvest.net] Sent: Wednesday, June 09, 1999 10:57 AM Subject: From IWatch (wohanka) sent the following ------------------------------------------------------------ Name: wohanka Comments: When one sees messages for 100,000 shares and then an hour or two later for another 100,000 shares are these just repeat messages, sent because the original interest did not result in a trade? What keeps market players from painting a picture of interest by just sending light interest messages, when they have no real interest in buying or selling? Thanks. O.K. think we have beat this to death. Would still like to talk to an Autex user, even if it is indirectly, through my contact. But this is probably is as good as it gets in terms of understanding the system. Again thanks Slugger, thanks to those who raised questions, and thanks to anyone that will further hone our understanding in the future. For now I-Watch and Autex are something I will not ignore.