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


To: Edscharp who wrote (17100)8/26/2004 9:00:04 AM
From: E.J. Neitz Jr  Respond to of 17367
 
Ed....the trade I saw was on my Scottrader Elite real-time quote stream. Was monitoring 10 stocks at the time and did indeed see it. It was not the very last trade but very very close....I think the last trade was 600 or so at same price.

Not sure of the significance of this......but interesting.

The asked price moved up late afternoon to the $2.30 ish area
Could very well be a market maker had the order to buy or buy to cover a short...and not enough shares available to cover such a large block...so they moved the price up to get holders to sell...typical.

Sometimes after this happens, the stock drops the following day as buying pressure returns to normal....guess we will see today.