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

To: John Patterson who wrote (6859)	7/30/1998 11:03:00 PM
From: Bluegreen	Respond to of 17367

John, also look how INCY is giving back recent gains.

To: John Patterson who wrote (6859)	7/31/1998 12:50:00 AM
From: Slugger	Respond to of 17367

<<My point is "nobody cares", it's a bio-tech and it's a bear market so even good companies are getting creamed.>> John, This is a chart of the NASDAQ Biotech Index: bigcharts.com Does this look like a bear market chart? To me, it looks like all upward trend lines are intact. There is resistance in the 340 to 350 range, but after that it's clear sailing. I think what's happening is we have speculative money going into internet stocks right now. With speculative money going elsewhere and summer upon us, smaller bios have been left as prey for the shorts. Hang in there and bios will bounce back in the fall or early next year. The market can't ignore a good stock for long. Slugger P.S. To all: I've been a lurker to this thread for several months and have enjoyed reading all of your informative posts. Thanks and keep up the good work.