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

To: Biomaven who wrote (10692)	7/8/1999 10:38:00 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 17367

Concerning the following in your earlier post..." In other words is it up because something good has happened that has somehow leaked "..if they are negotiating a partnership, am I just dumb or would it be logical to assume that they are not just telling the potential alliance partners...."just trust us, you really want to partner with us on a great deal"?

To: Biomaven who wrote (10692)	7/8/1999 10:48:00 PM
From: aknahow	Read Replies (1) \| Respond to of 17367

You are right but you are wrong because of my sloppy wording. The convertible converts into common at a 60% premium to the market for the common at the time the convert was sold. So it was convertible at around $6 + If the common stock had failed, or still fails to be above this price when conversion can first be done then the conversion price begins to adjust down, and the pfd is indeed floorless. So many variables that it is difficult to even guess what is driving the stock. The psoriasis results were better than many expected but can that be the driver? No, so we agree on that. Don't know what could have leaked even from others outside the company. Trial data still blinded. But who knows it could be news about Mycoprex deal, and someone leaking from that side. Seems XOMA really wants to be the first to say anything about anything, which of course makes sense. They did in fact surprise everyone with their annual meeting news. Thanks for the congratulations. I don't know if I deserve them or was just to stupid to sell. At any way it's not over till it's over. Think he said that too. Not sure because I don't follow any sport.