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


To: opalapril who wrote (7168)9/4/1998 12:23:00 AM
From: Slugger  Read Replies (2) | Respond to of 17367
 
To me, the only suggestions that make sense out of the survey are (1) for some reason which is probably litigation-related the company wants to assay one or more potential classes of shareholders based on some key date or event; or (2) it was a bonehead move by the CEO or maybe the accounting firm hired to audit Xoma's books.

I just don't buy the story it was to smoke out shorts and it worries me Ellen would feel the need spin such a transparent fiction.


If XOMA could prove that the price drop was the result of shorts manipulating the stock then it might protect XOMA from shareholder lawsuits. I'm not saying I believe this, I'm just throwing it out there as a possibility.

As far as Ellen goes I think you need to ease up on her. XOMA's IR department and website are outstanding, I wish all companies were as good.