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


To: E.J. Neitz Jr who wrote (6996)8/26/1998 9:51:00 PM
From: John Patterson  Read Replies (4) | Respond to of 17367
 
There are no buyers out there Ed, this is a bear and a damned big one! The only thing holding up the major indexes are the institutional indexers. The A/D line is horrible and many, many stocks are now below their 200 DMA. Take a look at the oil service stocks, at least half are now selling below book! But then again this is exactly where real money is made. All IMHO of course.