Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BostonView who wrote (10393)	6/10/1999 11:58:00 AM
From: Robert K.	Respond to of 17367

The day chart looks pretty (for now at least).

To: BostonView who wrote (10393)	6/10/1999 3:57:00 PM
From: aknahow	Read Replies (1) \| Respond to of 17367

This information is provided by I-Watch as an e-mail. I find it helpful in trying to understand what the information. The following is a review of the 3 most recent I-Watch reports issued this morning. To view the I-Watch charts and complete coverage, go to thomsoninvest.net PFE -- Drug Mfr - Major -- Healthcare 10-Jun-99 11:51:22 Pfeizer last traded at $99 15/16 with a loss of $5 as institutional investors fight to unload shares. Investors have watched shares of Pfizer decline from an all-time high of $150 1/8 in mid-April to below $100 for the first time since October 1998. Today's decline is a reaction to the most recent "kick-me-while-I'm-down" news on Pfizer. Yesterday the FDA curbed use on the company's antibiotic Trovan after reports of 140 cases of liver problems in users of the drug. The news prompted downgrades from several brokerage firms. On a not-negative note - it appears there are some buyers below $100 with mulitple institutional bidders willing to pick up some shares in the double-digit range. However, the sellers will continue to drive this stock's movement - the bottom fishers holding up the stock near $100 are passive investors, not aggressors. Consistent with the stock's big declines, the breakdown of reported trade data on AutEx is heavily skewed toward sellers - 2.7 million shares have been booked on behalf of sellers while just 800,000 were reported as buy trades. CA -- Applicatn Sftwr -- Technology 10-Jun-99 11:35:16 Computer Associates has dropped $3 13/16 to $47 11/16. Yesterday, the firm hosted an analyst meeting at its headquarters and gave an overview of its strategy for integrating Platinum Technology's products into CA's business. The consensus from the Street was that management's presentation was upbeat but offered no new material information. The lack of new developments offered investors little buying incentive to offset today's sell-off which has resulted from multiple downgrades. Prudential Securities lowered the stock from a "Strong Buy" rating to "Hold" on valuation concerns while Brown Brothers Harriman lowered the stock to a short-term "Neutral" rating from "Buy." Computer Associate's I-Watch chart shows some bidders were lured to the market by CA's reduced price - however, the volume of stock that these investors are willing to take in has proved inadequate to counter the wave of stock being dumped on the market. A review of trading data proved institutional investors are behind the activity - approximately 60% of the 2.2 million shares exchanged today stemmed from a block transaction. CTXS -- Internet Sftwr & Svcs -- Technology 10-Jun-99 10:53:40 Citrix Systems is trading down $1 3/8 to $49 1/8 as the investors continue to consolidate positions after the stock traded at a new all-time high of $54 3/4 on Tuesday. While the stock is trading down, institutional volume, as measured by block transactions are light, indicating today's sell-off is not being forced by the "Big Money." There was just one block of 15,000 shares in today's session. It is typical to see stocks trade sideways for a bit after advancing into record territory. I-Watch data shows that there was earlier interest from the institutional community in the $48 3/4 to $49 level which helped lift CTXS from its intra-day low of $48 1/2. However, both super messages and interest messages have dropped off since 10:00 AM, leaving the stock in a directionless trading pattern between $38 3/4 and $49 1/8. It's worth noting that CTXS' July $50 calls have traded 1092 contracts compared to open interest of 124 - the contract last traded at $4 5/8 down $1/8.