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

To: Andrew H who wrote (4855)	11/23/1997 5:24:00 PM
From: aknahow	Read Replies (1) \| Respond to of 17367

Andy, I have had an e mail from Tharos that in spite of various changes in a decision to accept my fool proof plan for bringing stabilty to the fnancial system there is a firm, but perhaps momentary conclusive acceptance, (except from the Ministry of Trade and the Navy). My concept, for which I have refused any payment offered, was simplicity itself. I suggested that to generate more interest in the Japanese markets from the United States, that the name of the index be changed to the Nukke. If this change is in place by Tue I fully expect that people will be buying the Nukke, and those who are short will wish they were long. This simple change will prove that even the collapse of their 4th largest financial instituion will not be able to keep a good man down.

To: Andrew H who wrote (4855)	11/23/1997 6:23:00 PM
From: Robert K.	Read Replies (2) \| Respond to of 17367

>>Well, I'm still doggedly holding out to my prediction of $20 for Xoma by EOY; however, it looks more and more like Jan 1st everyone will be able to have a good laugh at my expense.<< Surely you mean the end of NEXT year. If you are still holding out for 20 by the end of this year, you deserve all the laughs you get. You know its never too late to change an outrageous prediction (before the deadline, that is) Well the probability is certainly getting less likely, but dont ever underestimate this companys potential. If you dont think its possible then perhaps you just dont see it. Do you. I for one, dont see it as outrageous or laughable. Come jan 1, I might be saying"well it didnt happen", or conversely "wow". Odds are certainly against it hitting 20 at this point. Robert K

To: Andrew H who wrote (4855)	11/23/1997 6:37:00 PM
From: Tharos	Read Replies (1) \| Respond to of 17367

>>BTW, any idea how the Nikkei will reaact to the latest news?<< Mixed. The market ran up on Monday in hopes that gvt would bail out Hokkaido Sapporo Bank, but it did not. Gvt did offer assistance to Yamaichi, but Yamaichi chose to close its doors (at least Yamaichi Securities, there are two other firms in the Yamaichi Securities group -- Information Systems and Research Group). You can check them out in English at yamaichi.com. Yamaichi was offered assistance because its assets still exceeded its debt. This was not the case with Sanyo Securities and Hokkaido Sapporo's balance sheets. Thus you can figure that any company that is in serious trouble, that is ready to go into recievership, will have to have a reasonable amount of equity to debt, otherwise the government is just going to let a "failure" fail. That is why I say mixed, not every company will be able to qualify for gvt backed loans, so there are still many banks and a few securities firms that can fail. After deregulation of the securities industry at EOY I look only for Numura and Nikko to survive in the brokerage business, not quite sure about which banks. Found this Nikkei site, in English, has histroical data and gives company quotes. www2.gol.com